Baoshang Bank was rescued by the Chinese government in May this year. Photo: Bloomberg
China to become more selective in supporting distressed banks, say Moody’s and Fitch
- State support for the Chinese banks will vary as the authorities try to share some of the losses with large creditors, say analysts at Moody’s and Fitch
- Up to 10 per cent loss sharing by wholesale creditors of Bank of Baoshang, and Bank of Jinzhou skipping its coupon payment on dollar bonds are some examples
Topic |
Banking & finance
Baoshang Bank was rescued by the Chinese government in May this year. Photo: Bloomberg


