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

TOP PICKS

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

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.