Chinese regulators said they will restructure Baoshang Bank in a market-oriented approach as soon as possible after the recent takeover of the bank, saying that the takeover has caused some pain but prevented bigger financial and social instability.
As of June 7, the deposit insurance fund management company, which was established by the People's Bank of China on the same day the takeover was announced, had completed debt . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. Don't miss out!
What you'll get:
- Original and in-depth reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
- Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related information.
- Weekly Market Wrap-up on Chinese equities, bonds, the yuan and commodities!
- Interviews with China experts. We find you insights you should never miss!
Not ready for the full service? Subscribe to our Free Weekly Newsletter first.
Already have an account? Sign In