• Compared to national banks with much stronger business franchises, city banks’ competitive strength typically lies in serving local small and mid-sized enterprises (SMEs) and micro businesses.
• City banks are typically exposed to high geographic concentration and their efforts to expand into other regions have had mixed results.
• A few city banks are under pressure to enhance their capital base as mounting bad debts are eroding their profitability and capitalization.
• City banks are under bigger bad debt pressure compared to other types of banks.
• City banks’ reliance on wholesale funding has led to a funding cost increase after the Baoshang Bank takeover, but we expect a stable and adequate liquidity profile for most city banks thanks to ample systemwide liquidity.
• The government has a clear supportive stance toward city banks because of their role in financing SMEs and micro businesses, but determining the extent and timeliness of government support for a specific city bank requires case-by-case analysis.

On June 17,2025, S&P Global (China) Ratings published its latest credit rating report on Yiwu China Commodities City Holdings Limited. Please click the link below to read the PDF.

On June 17,2025, S&P Global (China) Ratings published its latest credit rating report on Zhejiang China Commodities City Group Co., Ltd. Please click the link below to read the PDF.

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2025年6月6日，标普信评发布兴瑞2025年第六期不良资产支持证券评级报告。