Fitch says China accelerates small-bank cleanup to preserve financial stability
FXI•Fitch says China is accelerating its cleanup of small banks, which remain the weakest part of the banking system, especially in less-developed regions. It does not expect stress at small banks to trigger system-wide pressure.
1. Fitch on small banks
Fitch says China is accelerating its cleanup of small banks to preserve financial stability. It describes city and rural commercial banks as the weakest part of the system, particularly in less-developed regions, but does not expect stress at these banks to trigger system-wide pressure.
