- Silicon Valley Bank (SVB) failure won't impact China's financial system, but is a lesson for the country's banking industry.
- The incident would have important implications for the development of China's small- and medium-sized lenders, and the stability of China's financial system.
- Shares of smaller Chinese lenders have underperformed big banks amid concerns over their ability to manage risks.
- China's financial industry needs to prioritize risk prevention and control.
SVB failure offers lesson for China - state media
The collapse of Silicon Valley Bank (SVB) will not impact China's financial system but offers an important lesson for the country's banking industry, the official Securities Times said in an editorial on Wednesday.
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