Hengfeng Bank is a Chinese lender based in Shandong province and is also known as Evergrowing Bank. Photo: ShutterstockHengfeng Bank is a Chinese lender based in Shandong province and is also known as Evergrowing Bank. Photo: Shutterstock
Hengfeng Bank is a Chinese lender based in Shandong province and is also known as Evergrowing Bank. Photo: Shutterstock

China sovereign fund, Singapore’s UOB join US$14 billion bailout plan for troubled Chinese lender

  • Hengfeng Bank in Shandong province is the third lender to be seized by the government since May
  • China’s sovereign fund will inject 60 per cent of the bailout capital through share purchase to keep the lender afloat
Topic |   Banking & Finance
Hengfeng Bank is a Chinese lender based in Shandong province and is also known as Evergrowing Bank. Photo: ShutterstockHengfeng Bank is a Chinese lender based in Shandong province and is also known as Evergrowing Bank. Photo: Shutterstock
Hengfeng Bank is a Chinese lender based in Shandong province and is also known as Evergrowing Bank. Photo: Shutterstock
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