# CNBC Daily Open: China shuts down a record 670 banks as oil and AI worries persist

https://mins.news/en/item/87250

- CNBC, 2026-10-06 01:12 UTC
- Economy
- Original: https://www.cnbc.com/2026/10/06/cnbc-daily-open-china-shuts-down-record-670-banks-new-worries-over-oil-and-ai-.html

> Beijing has shut down a record 670 banks—about a quarter of the country's banks—in an effort to shore up its financial system, while concerns over oil and AI continue.

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