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* China Construction Bank added to 'G-SIB' list
* Shares in China Construction Bank down 1.5 percent
* BBVA removed from list of globally important banks
* RBS required to hold less extra capital in new list
* HSBC, JP Morgan must hold the most extra capital (Adds further details on changes, banks in list)
By Matt Scuffham
LONDON, Nov 3 (Reuters) - China Construction Bank (CCB) has joined a list of lenders deemed important to thestability of the world's financial system, becoming the fourthfrom China in a global group of 30 required to hold extracapital.
CCB was the only newcomer to an annual list issued onTuesday by the Financial Stability Board (FSB), which wasestablished after the 2007-09 global financial crisis to protectthe world from future such shocks.
Membership of the group can be costly: not only does holdingextra capital depress profitability, banks also come under moreintense regulatory scrutiny.
CCB, China's second biggest bank, has expanded itsinternational operations over the past two years, launching anexchange-traded money-market fund in London, acquiring abusiness in Brazil and gaining access to the London MetalExchange by buying a British metal trading firm.
The global list is headed by HSBC and JPMorgan. They will have to hold 2.5 percentage points of extracapital beyond that required by global rules known as Basel III,a requirement unchanged from last year due to the FSB's viewthey remain the two most systemically important banks.
The extra capital requirements come into effect at the startof 2016, with the full amount phased in over three years.
Four banks - Barclays, BNP Paribas,Citigroup and Deutsche Bank - need to hold 2percentage points of extra capital, also unchanged from lastyear.
Analysts at Citi said the publication of the list of whatare known as G-SIBs was positive for Canada's RBC, whoseshares was up 1.1 percent, because its name was not on it.
"Royal Bank of Canada was expected by some to be designatedas G-SIB in this year's review. The fact that RBC avoided thedesignation should be positive for sentiment and the shares,"said Citi analyst Stefan Nedialkov.
Officials at CCB did not respond to requests for comment onits addition to the list. Its shares closed down 1.5 percentfollowing the announcement on Tuesday.
It is in the bottom "bucket" or category, determined bysize, geographic spread, complexity and potential impact on thefinancial system. This requires it to hold 1 percentage point ofextra capital.
The banks on the list include 15 European and eight U.S.banks, and three from Japan.
CHINESE BAD LOANS
CCB's core tier 1 ratio, a key measure of its financialstrength stood at 12.1 percent at the end of last year, higherthan the average for global banks.
Although Chinese banks are seen as relativelywell-capitalised compared with global rivals, mounting bad loanshave resulted in them turning to investors for fresh funds in2015, despite raising a record amount last year.
Due to its size, CCB would not be expected to havedifficulty raising new funds if it required them, with domesticinstitutions likely to support such a move.
The FSB said Spain's BBVA had been removed fromthe list, meaning it will no longer have to hold the extracapital. A spokesman for Spain's second-biggest bank said thedecision reflected the bank's focus on retail banking ratherthan riskier investment activities.
Shares in BBVA were up 0.4 percent.
The FSB reduced the capital surcharge imposed on Britain'sRoyal Bank of Scotland to 1 percentage point, from 1.5percentage point last year. RBS was down 0.6 percent at 1500GMT. The regulator did not make any other changes to the list.
It also published an updated list of nine globalsystemically important insurers (G-SIIs), adding one newinsurer, Aegon and removing Generali. Thenext list will be published in November 2016. (Additional reporting by Steve Slater and Lawrence White;editing by Sinead Cruise and Philippa Fletcher)
