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KM Financial Solutions | China’s Baoshang Bank to be taken over by local govts, state firms
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China’s Baoshang Bank to be taken over by local govts, state firms

20 Jan China’s Baoshang Bank to be taken over by local govts, state firms

Posted at 05:57h in News by
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China’s troubled Baoshang Bank
will be taken over by local governments and a group of state
firms, a central bank official with direct knowledge of the
matter said, as Beijing looks to shore up some of the country’s
weakest lenders.

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