... example, China Construction Bank and ICBC closed more than 11,500 and 12,900 branches Business English Lesson – Advanced Level's archive Banking in China 1. While globalization has sparked ... subscribed to by the National Social Security Fund, and accumulated losses by the Ministry of Finance. reconciled refurbished renovated replenished 8. In addition to capital injections by the ... equity stakes that offered additional credibility respectively, and each reduced its workforce by over 100,000 employees; the financial restructuring of these banks was in China's banking...