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 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
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
Business /  Banking & Finance

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

Topic |   Banking & Finance
Xie Yu
Xie Yu

Updated: 11:03pm, 5 Aug, 2019

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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 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
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
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