Tuesday, October 20, 2020
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Tag: Baoshang Bank

Baoshang Bank Set to Go Bankrupt, PBOC Says Senior Execs Will Be Held Accountable

The Chinese central bank has announced that it will allow Baoshang Bank to go bankrupt, after first implementing a forcible takeover of...

Chinese Central Bank Pins Failings of Small Regional Lenders on Lack of Communist Party Influence

A senior official from the People's Bank of China (PBOC) has pointed the finger of reproach at poor corporate governance and lack...

CBIRC Shames 38 Shareholders in Banks and Insurers for Illegal Conduct

China's banking regulator has publicly named shareholders in Chinese financial concerns that it alleges have engaged in a range of infractions including...

Baoshang Bank to Be Re-constituted as “Mengshang Bank,” CCB and Huishang to Serve as Key Shareholders

Beleaguered Inner Mongolian lender Baoshang Bank is set to be reconstituted and rebranded with the participation of some of China's leading regional...

Huishang Bank Plans to Acquire Four Baoshang Bank Branches, Invest in New Inner Mongolian Financial Institution

Anhui-based commercial lender Huishang Bank (徽商银行) has unveiled plans take over branches and related staff of beleaguered Inner Mongolian lender Baoshang Bank....

Concerns over China’s Regional Lenders Heightened by Bank of Jinzhou’s Woes

The travails of northeastern lender Bank of Jinzhou have heightened concerns about the health of China's regional banks just two months following...

Conversion of Baoshang Bank’s Outstanding Interbank CD’s Completed

The Chinese central bank has announced the conversion of Baoshang Bank's outstanding interbank certificates of deposit (CD's) in the wake of the...

Chinese Central Bank Sheds Further Light on Baoshang Bank Takeover

The People's Bank of China (PBOC) has provided more information on the recent takeover of beleaguered Inner Mongolian lender Baoshang Bank in...

Smaller Lenders Seen Consolidating in Wake of Baoshang Bank’s “Mini-Lehman” Moment

China's smaller banks are expected to undergo a wave of consolidation following the surprise government takeover of Inner Mongolian lender Baoshang Bank....

Chinese Central Bank Seeks to Reassure Markets following Baoshang Bank Takeover

The People's Bank of China (PBOC) has sought to assuage concerns about the health of the Chinese banking sector following its recent,...

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