Nearly 30 village and township banks disappear within the year, with some banks even "zeroing out" village banks

Under the guidance of the reform principle of “reducing quantity and improving quality,” the pace of village and township bank consolidation continued to accelerate in 2026. Not only did city commercial banks and rural commercial banks across various regions initiate the absorption of their village and township banks, but state-owned large banks and joint-stock banks also rapidly advanced the “zeroing out” of their village and township banks. Industry reform and risk mitigation have entered a deep-water phase. The License Information Inquiry System of the Financial Regulatory Administration shows that since 2026, nearly 30 village and township banks have been deregistered, with the number of deregistrations significantly higher than the same period last year. (People’s Financial News)