Report
More than 670 lenders reportedly shut down in China in 2025, a record
The Financial Times cites Fitch as saying smaller lenders remain the weakest part of China’s banking sector.
TLDR
The Financial Times reports that more than 670 lenders shut down in China in 2025, a record, and describes the closures as a move to bolster the financial system. FT cites Fitch as saying smaller lenders remain the banking sector’s weakest part.
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