The village of Wujia Gedu in Inner Mongolia lies 600km west of Beijing. Photo: Orange Wang
The village of Wujia Gedu in Inner Mongolia lies 600km west of Beijing. Photo: Orange Wang

China’s Baoshang Bank failure has silver lining in the form of greater focus on rural lending

  • Baoshang Bank, which is part of Xiao Jianhua’s Tomorrow Group, was taken over by the government in May due to ‘severe credit risks’
  • Based in Inner Mongolia’s Baotou city, the bank aggressively expanded its lending to rural communities, which are now seeing more lending options open up

The village of Wujia Gedu in Inner Mongolia lies 600km west of Beijing. Photo: Orange Wang
The village of Wujia Gedu in Inner Mongolia lies 600km west of Beijing. Photo: Orange Wang
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