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Banking Regulator Denies Sweeping Plan to Force Mergers

2019年11月11日 20:51 来源于 财新网
Vice Chairman Zhou Liang says there will be no “one-size-fits-all” approach but adds regulator will instruct some small banks to pull out from interbank and interregional business
China has more than 4,500 banking sector financial institutions, most of which are small and midsize. Photo: IC Photo

China’s banking regulator has denied it is considering a sweeping wave of mergers involving problematic small and midsize banks, saying it will not take a “one-size-fits-all” approach to tackling the risks facing the world’s biggest banking system.

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