On November 3, Fitch Ratings carried out a rating operation on four medium-sized Chinese banks: Minsheng Bank, Guangfa Bank, Ping An Bank, and Huaxia Bank, and raised the long-term issuer principal ratings of the aforementioned banks. Among them, the long-term foreign currency issuer entity rating of Minsheng Bank was raised from BBB- to BBB, with a stable outlook; the long-term foreign currency issuer principal ratings of Guangfa Bank, Ping An Bank, and Huaxia Bank were raised from BB+ to BBB-, and the outlook is stable.

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