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China's biggest lenders poised for windfall from rising rates

Meanwhile, smaller banks grapple with borrowing costs and some are said to have defaulted

Beijing

AS China ramps up its quest to conquer leverage, the banking sector is finding out that being a big fish pays - literally.

While smaller lenders grapple with soaring money-market rates - some are said to have defaulted amid the tight liquidity - their larger counterparts

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