Beijing's first state takeover of a bank in 18 years is not the shape of things to come, China's central bank has sought to reassure investors after setting out plans to inject Rmb100 billion $14.5 billion into the Chinese banking sector.
That assumes, though, that the country's financial conditions do not deteriorate much further as economic growth slows in the face of an increasingly damaging trade war.
“Recently, some people in the market are worried whether other banks will be taken over, after Baoshang Bank. Don’t worry. Currently, there is no such plan there is no need to take over a bank except as a last resort,”...
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