Nan Fang Du Shi Bao·2025-06-18 01:27Group 1 - The National Financial Regulatory Administration's Foshan branch announced the closure of two bank branches: China Construction Bank Foshan Dazhong Branch and Ping An Bank Foshan Danzhao Community Branch [1][3] - The China Construction Bank Foshan Dazhong Branch has a history of 35 years, having opened in 1990, while the Ping An Bank Foshan Danzhao Community Branch opened in 2020 [3] - In 2025, Foshan saw a total of 8 commercial bank branches exit the market, including branches from major state-owned banks like Agricultural Bank of China and Industrial and Commercial Bank of China [3] Group 2 - Nationwide, in 2024, 2,483 bank branches were approved for closure, compared to 2,649 in 2023, while 1,979 new branches were established, up from 1,655 in 2023 [4] - The trend shows a significant characteristic where the number of closures exceeds the number of new establishments, likely due to the impact of digital finance on traditional banking [4] - Over 90% of banking transactions in mainland China were conducted without visiting physical branches in 2023, indicating a shift in consumer behavior towards digital services [4]