What we can learn from the Baoshang takeover

CHINA FINANCIAL - Report 07 Jul 2019 by Michael Pettis

Special points to highlight in this issue:
• The sudden takeover of Baoshang Bank on May 24 shocked markets and caused interbank interest rates to soar, probably because it suggested that lenders to Chinese banks might have to start taking responsibility for poor credit decisions.
• Baoshang, however, is a complicated entity, combining the poor asset and liability structures one would expect from a once-fast-growing bank from the province of Inner Mongolia with a still-mysterious position in one of China’s most complicated power scandals.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.