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.

The Core Event

Beijing shuttered 670 mainly rural banks last year in a bid to create fewer, larger and better-capitalized lenders.

Key Facts

Beijing shuttered 670 mainly rural banks last year in a bid to create fewer, larger and better-capitalized lenders.

Context & Significance

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Outlook

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