Most financial institutions in China have good ranking results, says PBoC
BEIJING: Most of China’s financial banking institutions are safe from risks as of the fourth quarter last year, according to the central bank.
Most of the 4,399 banking financial institutions ranked by the People’s Bank of China (PBoC), including 24 large banks, 3,999 medium and small banks, and 376 non-banking institutions, were within safe boundaries, whose assets account for 98% of the total, the central bank said.
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