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Why are China’s small rural banks important, and what problems do they face?

Summary:
[unable to retrieve full-text content]China’s smaller commercial banks in rural areas have come under increasing scrutiny by federal banking regulators. This is not only because of their vital importance in funding the rural economy, but also because their balance sheets have become weaker due to mounting loan losses.Rural commercial banks are unique to China’s state-dominated banking sector. According to the latest figures from the China Banking and Insurance Regulatory Commission (CBIRC), there are 1,641 rural banks in China…

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[unable to retrieve full-text content]
China’s smaller commercial banks in rural areas have come under increasing scrutiny by federal banking regulators. This is not only because of their vital importance in funding the rural economy, but also because their balance sheets have become weaker due to mounting loan losses.Rural commercial banks are unique to China’s state-dominated banking sector. According to the latest figures from the China Banking and Insurance Regulatory Commission (CBIRC), there are 1,641 rural banks in China…

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