China's city commercial banks

China's city commercial banks have had a short-and arguably not very successful-history in China's banking
 sector. They were created during the 1990's by city governments through the active merging and restructing
 of China's 5,000 or more urban credit cooperatives to resolve a number of issues that had developed within
 the sector.

The first city commercial bank to be established was Shenzhen City Commercial Bank in 1995. By the end of 1998
 the initial wave of restructing had created 88 city commercial banks, leaving 3,240 urban credit cooperatives.