China debt crunchWuhan Z-Bank becomes latest target due to 'severe credit risks'Ding Xiangqun, the newly appointed head of the National Financial Regulatory Administration, speaks at the Lujiazui Forum 2026 in Shanghai on June 17. KENJI KAWASEJuly 6, 2026 18:06 JSTTOKYO -- A state-directed takeover of a small private lender in China's inland province of Hubei has underscored lingering pressures in the banking system of the world's second-largest economy.