Neutral impactEconomy

China’s banking shake-up: 670 lenders vanish as Beijing moves to contain financial risks

Mint 1 hr ago·5 Oct 2026, 2:36 pm

China closed a record 670 banks in 2025 as Beijing consolidated weaker rural lenders amid rising bad loans and slower economic growth.

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China’s banking shake-up: 670 lenders vanish as Beijing moves to contain financial risks