China to reshuffle management, recapitalise smaller banks to curb risks - Caixin

BEIJING (Reuters) - China will take steps including management reshuffles and fund infusions to bolster the weakening profiles of its smaller banks, vice chairman of the banking and insurance regulator said, according to financial news outlet Caixin on Sunday.As financial stability remains the top priority, the regulator will use reform and restructuring as the key approach to resolving banking risks, instead of doing "surgeries," said Zhou Liang, vice chairman of China's Banking and Insurance..