CHINA TAKES LATEST STEP TO SHORE UP FINANCE, 3 YEARS AFTER RURAL BANKING SCANDAL
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✍️ Authorities in Henan province, China, have approved the merger of 82 small rural financial institutions into a single regional lender to contain systemic risks.
👉 82 small rural financial institutions will merge into a single regional lender 👉 The merger aims to contain systemic risks in the region 👉 Henan Rural Commercial Bank will absorb institutions across nine cities
-- #Henanprovince #China #Kaifeng #Pingdingshan #Anyang #business
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