The Chinese economy is facing monsoons from lockdowns in accordance with the "Zero Covid" policy, the crisis in the real estate sector. to a severe drought that has stalled many businessesSLOTdue to power shortages. All of these factors contribute to the growing trend of “bad debt” in the banking sector in China. especially in small banks And finally, the depositors may be the most at risk of this crisis.

South China Morning Post reports the situation of the crisis in the Chinese banking sector. On the 2nd of Sept. The two rural banks are Liaoyang Rural Bank and Liaoning Taizihe Village Bank in China's Nianning Province, according to the China Banking and Insurance Regulatory Commission (CBIRC). going into bankruptcy

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The case is once again a dangerous signal in China's banking sector. This is because bankruptcy of Chinese banks is not common. And both banks are part of the many smaller banks in China. There are 128 urban commercial banks, 1,596 rural banks, and about 1,651 small town banks and villages.

In the past, during the booming Chinese economy These small banks act as micro-lenders to various business sectors, where the major debtors are local real estate companies. But the crisis that occurred in the real estate sector And the now-troubling Chinese economy has worsened the situation of small banks.