ICBC and China Construction Bank Lead Amid China’s Small Bank Collapse

China is experiencing an alarming rate of bank collapses, driven by a downturn in the property market and inadequate risk management. In a single week ending June 24th, 40 smaller banks were acquired by larger institutions, a stark comparison to the savings and loan crisis in the U.S. during the 1980s and 90s. A report

Source: CoinOtag