Industry insiders said that the issuance of TLAC non-capital bonds by ICBC will help meet international financial regulatory standards and enhance its ability to withstand risks. Under TLAC's regulatory requirements, it is expected that the scale of TLAC's non-capital bond issuance will gradually increase in the future. Yang Haiping, a researcher at the Securities and Futures Research Institute of the Central University of Finance and Economics, said that if ICBC's TLAC non-capital bonds are successfully issued, it will mark the successful creation of the Chinese version of the TLAC supplement tool, opening a new path for systemically important banks to supplement TLAC at a lower cost. At the same time, TLAC non-capital bonds have enriched issuers' active debt instruments and increased their ability to serve the real economy. Currently, five banks, Industrial and Commercial Bank, Agricultural Bank, Bank of China, China Construction Bank, and Bank of Communications, have been selected as G-SIBs. Since Bank of Communications is on the list for the first time in 2023, there is a three-year transition period for the TLAC competency assessment, while the other four major state-owned banks will face the assessment in early 2025.