Weekly Bank Overview (February 28 – March 6)

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◆Regulatory Voice

300 billion yuan special government bonds to be issued, large commercial banks to receive a new round of capital injection soon

On March 5th, the Fourth Session of the 14th National People’s Congress opened. Premier Li Qiang delivered the government work report, stating that this year’s plan is to issue 300 billion yuan in special government bonds to support large state-owned commercial banks in capital replenishment. This marks the second time after last year’s issuance of 500 billion yuan in special bonds to supplement the capital of large commercial banks.

◆Industry Focus

China Banking Association releases “Self-Regulatory Norms for Compliance Management of Banking Financial Institutions”

To implement the requirements of the China Banking and Insurance Regulatory Commission’s “Regulations on Compliance Management of Financial Institutions,” the China Banking Association has formulated the “Self-Regulatory Norms for Compliance Management of Banking Financial Institutions,” consisting of five chapters and 35 articles, aimed at improving the quality and efficiency of industry compliance management. The norms clarify the construction of compliance management systems, responsibilities of chief compliance officers and various levels, key compliance operations (such as review, monitoring, incident handling), and safeguard measures (including cultural development, staffing, and information technology). They also strengthen the association’s self-regulatory functions.

Listed banks intensively appoint Chief Compliance Officers, potentially ushering in a deep reform of banking compliance governance

Nearly 30 listed banks have announced appointments of Chief Compliance Officers. Among them, Agricultural Bank of China, China Construction Bank, Bank of China, Lanzhou Bank, and Qingnong Commercial Bank have announced that their chief compliance officers are also the bank presidents. Industry insiders believe that establishing a Chief Compliance Officer is not only an important regulatory response but also promotes a profound restructuring of the banking compliance management system, facilitating a shift from “passive regulatory compliance” to “proactive compliance governance.”

ICBC, ABC, BOC, CCB, and others announce adjustments to margin ratios for precious metals deferred trading

Against the backdrop of sustained high international precious metal prices and rising individual investment enthusiasm, several banks including ICBC, ABC, and CCB have recently announced that the margin ratio for agency personal precious metals deferred trading will be uniformly increased from 80% to 100%.

◆Financial Personnel News

Hangzhou Bank: Zhang Jingke’s qualification for president approved by regulators

On March 1st, Hangzhou Bank announced that it received the “Approval from Zhejiang Regulatory Bureau of the China Banking and Insurance Regulatory Commission regarding Zhang Jingke’s qualification for president” (Zhejiang Financial Approval [2026] No. 47). The Zhejiang Regulatory Bureau has approved Mr. Zhang Jingke’s appointment as president.

Bank of China: Board approves appointment of Ms. Huang Xueling as Vice President

On March 3rd, Bank of China announced that the board of directors, in its meeting held on March 3, 2026, reviewed and approved the appointment of Ms. Huang Xueling as Vice President, with a voting result of 16 in favor, 0 against, and 0 abstentions. Her appointment is subject to approval by the China Banking and Insurance Regulatory Commission. Independent non-executive directors believe that the appointment procedures and qualifications comply with laws, regulations, and the company’s articles of association.

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(Edited by: Wang Xinyu)

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