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Chinese regulators to restructure Baoshang Bank soon after recent takeover

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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 repayment and transfer for Baoshang Bank’s big institutional and . . .

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