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China has reportedly closed almost 25% of its banks amid increased oversight of smaller lenders. The world’s second largest economy shuttered a record 670-plus banks in 2025, the Financial Times (FT) reported Saturday (Oct. 3), citing figures from China’s National Financial Regulatory Administration. The closures, primarily in rural areas, place the number of banking entities […] The post China Shutters Nearly 25% of Its Banks Amid Oversight Push appeared first on PYMNTS.com.
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