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
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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
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
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China economy
Baoshang Bank is now under the control of the China Construction Bank. Photo: Reuters