SHANGHAI, March 15 ― The collapse of Silicon Valley Bank will not impact China's financial system but offers an important lesson for the country's banking industry, the officialAn SVB-style bank failure is unlikely to happen in China but the incident would have “important implications for the development of China's small- and medium-sized lenders, and the stability of China's financial system,” the editorial said.
In China, shares of smaller lenders including Bank of Lanzhou, Xi An Bank and Xiamen Bank have far underperformed big banks over the past week, amid concerns over their ability to manage risks. In addition, China has been closing regulatory loopholes, the editorial said. In the latest move, China said last week it would set up a new national financial regulatory body consolidating oversight of the industry.
Source: Education Headlines (educationheadlines.net)
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