Hengfeng Bank takes China bailout

Rebecca Feng

August 12, 2019 11:45 am

China Shanghai sunset 230px — sunset at shanghai china, huangpu river and bund. | kalafoto - Fotolia

Hengfeng Bank will soon become the third Chinese bank to be taken into state control, since the People's Bank of China (PBoC) took over Baoshang Bank in May — a move that pushed Hengfeng into a liquidity crunch.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

Regulation China Regulation and Policy China Asia Regulation People and Markets Asia Greater China Northeast Asia China Asia Pacific EM People and Markets Emerging Markets China People and Markets

RF

Rebecca Feng