An advertisement for Baoshang Bank in Beijing, China. In May, the People’s Bank of China seized control of the Baotou-based lender, citing a misappropriation of funds by its largest shareholder. Photo: Reuters
Smaller banks may struggle to weather China’s slowing economy, S&P warns
- Some lower-tier city, rural commercial banks may be forced to merge or exit the market, S&P says
- Regulators are likely to arrange ‘orderly’ exits, rather than let a small bank fail, the rating agency says
Topic |
Banking & Finance
An advertisement for Baoshang Bank in Beijing, China. In May, the People’s Bank of China seized control of the Baotou-based lender, citing a misappropriation of funds by its largest shareholder. Photo: Reuters