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
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