PBoC to more than double scope of stress tests
The People’s Bank of China says it will more than double the number of banks it stress-tests this year.
An article in China Finance by Ji Wei says the PBoC will include 4,024 banks within its 2021 stress-testing exercise, compared with 1,550 institutions in 2020.
Ji writes that expanding the scope of the exercise would help the PBoC identify “high-risk institutions, high-risk areas and system risks”.
The PBoC plans to scale up the exercise to include all banks by 2023. Its 2020 stress test
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