Beijing’s takeover of Baoshang Bank last month has unnerved investors who expect trouble ahead. Photo: Reuters

China’s need for opening up of financial market highlighted by demise of Baoshang Bank

  • The Chinese government was forced to step in and hand the control of the small Inner Mongolian bank to the China Construction Bank
  • Investors and analysts fear deteriorating health of small banks despite the central bank’s assurance that the failure is an isolated case
Topic |   China economy

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Beijing’s takeover of Baoshang Bank last month has unnerved investors who expect trouble ahead. Photo: Reuters
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