# China shuts hundreds of banks as Beijing moves to shore up its financial system

https://mins.news/en/item/86243

- CNBC, 2026-10-05 10:20 UTC
- Economy
- Original: https://www.cnbc.com/2026/10/05/china-banks-consolidation-economy.html

> Beijing shut 670 mostly rural banks last year in an effort to create fewer lenders that are larger and better capitalized.