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ICBC, Cinda, Great Wall take stakes in troubled Bank of Jinzhou

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Three state-controlled financial institutions said on Sunday they would take stakes in the troubled regional lender Bank of Jinzhou, amid growing concern about the bank since the Hong Kong-listed lender suspended trading in its shares earlier this year and saw its auditor quit.

Industrial and Commercial Bank of China (ICBC) , the country’s largest commercial bank by assets, and China Cinda Asset Management and China Great Wall Asset Management, two of China’s four largest distressed debt managers . . .

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