A man walks past a building with an advertisement for Baoshang Bank, in Beijing in September 2018. Photo: Reuters
Opinion
Opinion
The View
How the Baoshang Bank takeover triggered a confidence crisis in small financial institutions and created a cash crunch in China
- Since May, when the tiny Baotou-based bank prompted regulatory intervention, bigger financial institutions have had reason to question whether smaller counterparts are worth the risk
A man walks past a building with an advertisement for Baoshang Bank, in Beijing in September 2018. Photo: Reuters