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

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