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BackChina will close more than 670 banks in 2025
China will close more than 670 banks in 2025
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РИА Новости1 hour agoBusiness1 min readRussiaView original

China will close more than 670 banks in 2025

Chinabanksbank closures

Quick Look

China closed more than 670 banks in 2025, reducing the total number of lenders by nearly a quarter, as part of a campaign to tighten oversight of small lenders amid a slowing economy and changes in the property market.

AI-generated summary

Why It Matters

China is pursuing a campaign to tighten oversight of small lenders that has led to the closure of more than 670 banks in 2025, mostly in rural areas, amid a slowing economy and changes in the property market.

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China has closed more than 670 banks in 2025, thus reducing their total number in the country by almost a quarter, the Financial Times reports, citing China's National Financial Regulatory Administration.

"China has cut its overall number of banks by nearly a quarter as part of a campaign to tighten oversight of small lenders amid a slowing economy... More than 670 banking institutions closed last year, a record number. Almost all of them were in rural areas," the newspaper said.

As Jason Bedford, a senior visiting fellow at the East Asia Institute of the National University of Singapore, noted, the consolidation of the banking sector is aimed at simplifying regulation and eliminating possible liquidity problems.

Open Questions

  • What specific measures will be taken to support customers of closed banks?
  • How will bank closures affect access to financial services in rural areas?
  • Are there plans to further reduce the number of banks in subsequent years?

Related Topics

China
PeopleJason Bedford
OrganizationsNational Financial Regulatory Administration of ChinaFinancial TimesEast Asian Institute of the National University of Singapore
PlacesRural China
Topicsbanksbank closuresfinancial supervisionrural bankseconomicssector consolidation
This article was originally published by РИА Новости.

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