China shuts hundreds of banks as Beijing moves to shore up its financial system
- Posted on October 5, 2026
- By CNBC
- 1 Views
- 1 min read
In brief
Generating AI summary…
China shuts hundreds of banks as Beijing moves to shore up its financial system
Beijing shuttered 670 mainly rural banks last year in a bid to create fewer, larger and better-capitalized lenders.
