No big deal, it is like nationalizing their banking system eventually. It is half way there since they already own most of their big banks.
You posted this in December 2018 : Not only is your comprehension of time frames concerning large economic events totally absurd, markets did extremely well first quarter 2019. We are in August and you said a recession by February. What recession ? There was zero chances of a recession by February.
Plus it s 3 out of 4000 private lenders? Stockolio has a strong propensity to see the end of the word in a sour yogurt, i don't wish more success to China than the next bloke but doubt another state bail out of a smallish Chinese private bank is a particularly ominous sign.
can't use conventional western thinking on China... the party has complete control.. they can just paper over everything... if half the banks go belly up so what, just paper over, they still have the foreign reserves.... of course the currency will devalue substantially, but there is a solution to the extreme scenario.