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.
Beijing shuttered 670 mainly rural banks last year in a bid to create fewer, larger and better-capitalized lenders. This story matters for Finance & Markets readers tracking finance. Reported by cnbc.com. Read the full original at the source link below.
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