Hua Xia Bank – Ratings Affirmed

Ref: CN028 2 3 CRA00- 0 1 2 August 202 4

Hua Xia Bank – Ratings Affirmed

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating ( LT FCR) and Short-Term (ST) FCR of Hua Xia Bank (HXB) at ‘BBB-’ and ‘A3’, respectively. At the same time, CI Ratings has affirmed HXB’s Bank Standalone Rating (BSR) of ‘bb’, Core Financial Strength (CFS) rating of ‘bb’, and Extraordinary Support Level (ESL) of High. The Outlook for the LT FCR and BSR is Stable.

The Bank’s LT FCR is set two notches above the BSR based on the High ESL. The latter reflects the Bank’s status as a systemically important bank (D-SIB) in China and its ownership by a number of state-owned entities including Shougang Corporation (SC), which is one of the largest state-owned steel makers in mainland China. The Chinese government has a strong track record of extending assistance to …