CHINA TOPIX

11/02/2024 03:25:54 pm

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China banking industry

China has began moves that will strengthen the financial health of its banks. REUTERS/Bobby Yip

China Moves to Strengthen Banking Sector

China is moving to strengthen its banking industry, starting with massive capital raising efforts by the four largest state-owned lenders and the formation of "bad banks" that will siphon off the soured debts accumulated by smaller banks in the countryside.

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