Following the frequent defaults in the peer-to-peer lending industry, risks in small and midsize banks have also surfaced. Recently, Yichuan Rural Bank in Henan province and Yingkou Coastal Bank in Liaoning province suffered bank runs. The causes were said to be online rumors, which the regulators say will not cause systemic risk. We agree with this judgement, but we should also see that these recent events show how vulnerable market psychology is. At the recently concluded 10th Caixin Summit, the head of the China Banking and Insurance Regulatory Commission (CBIRC) proposed conducting a comprehensive examination of banking and insurance institutions, grasp the relationship between the “forest” and the “trees,” distinguish different situations, and give priority to the potential high-risk factors. This strategy is undoubtedly right.