Baoshang Bank is now under the control of the China Construction Bank. Photo: Reuters
China’s troubled banks ‘engaged in blind expansion’ but financial stability remains solid, says central bank chief
- People’s Bank of China governor Yi Gang addressed plans for bailing out regional banks for the first time after three crisis in the last five months
- Problems at Baoshang Bank, Jinzhou Bank and Hengfeng Bank renewed concerns about the financial health of Chinese small banks
Topic |
China economy
Baoshang Bank is now under the control of the China Construction Bank. Photo: Reuters