China Shutters Nearly 25% of Its Banks Amid Oversight Push

T2Covered by 1 source · first reported by PYMNTS at 04 Oct, 21:55 UTC

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…

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Sources

• T2China Shutters Nearly 25% of Its Banks Amid Oversight PushPYMNTS04 Oct, 21:55