Once a poster child for China’s regional banks, Bank of Jinzhou became the centre of storm in the country’s banking industry. Photo: Baidu
Saga of China’s Bank of Jinzhou raises questions about the health of Chinese banking sector
- China’s troubled Bank of Jinzhou is seeking to raise 6.2 billion yuan (US$866 million) just two months after it secured a 3 billion yuan (US$419 million) bailout
- Problems at the company cast a spotlight on the risks facing regional lenders in China’s banking sector
Topic |
China economy
Once a poster child for China’s regional banks, Bank of Jinzhou became the centre of storm in the country’s banking industry. Photo: Baidu