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DANIEL REN IN SHANGHAI

As a rural commercial lender in Yancheng, Jiangsu province, grappled with a run on its branches due to rumours about its insolvency, questions about the mainland's ailing underground banking system resurfaced, leaving banking regulators red-faced.

Bringing to an end new speculation that the former Manchester United star was considering a move to the Chinese team, Shenhua never approached Beckham and has no plans to import the 37-year-old star.

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