Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

LATEST
Trending in China: Death of Giant Panda Cubs Sparks Concerns About Treatment of ‘National Treasure’
China CFO of Indian Oyo Quits to ‘Pursue Other Professional Opportunities’
Sequoia Capital Opens Its First Tech Incubation Center in Shanghai
Some 266 Foreign-Invested Firms Approved to Offer Telecom Services in China in First Half of 2020
Trending in China: Should Internet Celebrities Be Part of the School Curriculum?
Sequoia China Leads Nearly $100m Round in Storytelling App Kuaidian
Medical Robot Maker Finds Elixir in STAR Board’s Market Reforms
Trending in China: Outrage Ensues as Updated U.S. Student Visa Policies Force International Students into a Dilemma
Tencent’s PUBG Mobile Game Hits $3 Billion Milestone
Luckin Coffee Shareholders Vote to Remove Chairman, Bloomberg Reports
France Won’t Ban But Will Discourage Use of Huawei 5G Equipment, Official Says
Trending in China: ‘Lipstick King’ Li Jiaqi Settles in Shanghai, Prompting a Rethink of ‘Talent’
Tencent Plays in U.S. With California Game Studio Launch
Trending in China: Shenzhen Thinks Only Children Should Get Paid Leave to Look After Their Parents - Cue Heated Debate
German Drugmaker BI Launches Shanghai Center to Harness Chinese Expertise
Chinese Self-Driving Truck Firm Aims to Cover Most of U.S. by 2024
Trending in China: Chinese Netizens Tell Indian Prime Minister Modi To ‘Shut The Door On The Way Out’ As He Quits Weibo
Trending in China: If You Can’t Beat Them, Join Them – Why Tencent is Laughing At Itself
Meituan Eyes Robot-Enabled Deliveries with $14 Million Investment in PuduTech
India Ban Could Hit TikTok’s Parent Company to the Tune of $6 Billion
Bank Regulator Denies Sweeping Plan to Merge of Troubled Small and Midsized Banks

By Wu Hongyuran and Guo Yingzhe / Nov 11, 2019 01:27 PM / Finance

Photo: VCG

Photo: VCG

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

Bloomberg reported Thursday that Chinese financial regulators are discussing a plan to merge or restructure troubled banks with less than 100 billion yuan ($14.3 billion) of assets as part of escalating efforts to shore up small lenders.

Zhou Liang, a vice chairman of the China Banking and Insurance Regulatory Commission, told Caixin on Sunday it is impossible for the regulator take such measures. To defuse risks on small and midsize banks, the regulator will not take one-size-fits-all measures or give a hardline order for banks with less than 100 billion yuan of assets to merge, he said.

China has more than 4,500 financial institution overseen by the banking regulator, most of which are small and midsize institutions. Some are struggling with mounting bad loans resulting from poor internal risk management and downward pressure on economic growth.

Authorities have been taking measures to bail out banks caught in profound crisis, seizing control of Baoshang Bank in May and restructuring two others.

Read the full story on Caixin Global later today.

This story has been updated to clarify that China has more than 4,500 financial institutions overseen by the country's banking regulator.

Contact reporter Guo Yingzhe (yingzheguo@caixin.com)

Related: China Is Said to Mull Wave of Bank Mergers to Bolster Stability

Share this article
Open WeChat and scan the QR code