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Advisors Caution Against Forced China Bank Consolidation : Journal

CHINA PRESS
MNI (Sydney)

Chinese advisors and officials have raised governance and capital quality concerns after banking regulators stepped up pressure to force regional lenders to merge, the China Securities Journal reported. There have been eight mergers of regional banks since May, the newspaper said. Forced consolidation without business consideration may create bigger banks and make it more difficult for some local customers, such as farmers, to obtain financing, the journal said citing Wang Xin, the head of the research department at the PBOC.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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