China shuts down hundreds of banks as Beijing restructures its banking system amid economic slowdown. The cleanup is still accelerating
Yeah pic.twitter.com/uS5LPqE7VW — Mr. IronMan (@TheMrIronMan) October 5, 2026 China reveals 670 banking entities disappeared in one year https://www.ft.com/content/8a8f5c97-f1d3-4d3d-a3bc-d5a2e5539177 China closed more than 670 banking entities in 2025, the highest annual total on record. Fitch’s analysis of regulatory data found China’s bank count had fallen to 3,139, down 23% from 2021. Financial Times Most were … Read more