Fitch upgraded long-term foreign-currency issuer ratings for four mid-sized Chinese joint-stock banks. It raised China Minsheng Bank’s rating from BBB- to BBB, outlook stable, and upgraded China Guangfa Bank, Ping An Bank and Huaxia Bank from BB+ to

2026-11-03

Fitch upgraded long-term foreign-currency issuer ratings for four mid-sized Chinese joint-stock banks. It raised China Minsheng Bank’s rating from BBB- to BBB, outlook stable, and upgraded China Guangfa Bank, Ping An Bank and Huaxia Bank from BB+ to BBB-, all with stable outlooks.