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

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Baoshang Bank was rescued by the Chinese government in May this year. Photo: Bloomberg
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