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In Depth: Banking Sector Cleanup Puts Local Governments in the Firing Line

2020年08月28日 19:59 来源于 财新网
Regulators’ master plan shifts part of responsibility for bailouts, mergers of smaller lenders into the hands of provincial-level authorities
A new plan to push ahead with reform of problematic small and midsize banks makes it clear that the central authorities are passing the baton down to the provinces to come up with their own solutions.

As China’s regulators flesh out details of a long-awaited master plan to clean up the country’s banking sector, it’s becoming increasingly evident that much of the burden is going to fall on the shoulders of local governments who between them own or control hundreds of the weakest and riskiest small lenders.

版面编辑:喻竹杨洋
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