In late July, three state-owned financial institutions, led by Industrial and Commercial Bank of China, bought a combined 17.3 per cent of shares in Bank of Jinzhou from existing shareholders. Photo: Reuters
Leadership shuffle at Bank of Jinzhou raises questions about ICBC-led ‘investment’ in July, as credit drought wreaks damage on regional lenders
- Guo Wenfeng, 47, a veteran banker with ties to ICBC, will take up the top post at Bank of Jinzhou
- Beijing may be seeking a new approach after Baoshang rescue triggered tightening in the interbank market, analysts say
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In late July, three state-owned financial institutions, led by Industrial and Commercial Bank of China, bought a combined 17.3 per cent of shares in Bank of Jinzhou from existing shareholders. Photo: Reuters
