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
Topic |   China economy

TOP PICKS

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