BEIJING -- The northern landlocked Chinese province of Shanxi marked the birth of a new bank formed through the merger of five regional lenders last month with the ceremonial unveiling of a new bank sign.
Finance
China merges ailing small lenders to head off a big crisis
Regional governments lead efforts to shore up banking sector
The newly created Sichuan Bank is China's largest regional lender by capitalization following last year's merger of two commercial banks. (Photo by Iori Kawate)
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