Although the People’s Bank of China has said it was not planning any more seizures after taking over Baoshang Bank on May 24, analysts see the move as a precursor to sector consolidation. Photo: Reuters

Could seizure of Baoshang Bank lead to consolidation among China’s smaller banks with assets worth US$9.9 trillion?

  • Beijing is under pressure to boost bank lending to help cushion impact from higher US tariffs on Chinese imports
  • At least 18 smaller institutions have not published up-to-date financial reports
Topic |   Banking & Finance

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Although the People’s Bank of China has said it was not planning any more seizures after taking over Baoshang Bank on May 24, analysts see the move as a precursor to sector consolidation. Photo: Reuters
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