China to offer liquidity to Baoshang Bank | The Daily Star
12:00 AM, May 27, 2019 / LAST MODIFIED: 12:00 AM, May 27, 2019

China to offer liquidity to Baoshang Bank

China’s central bank said on Sunday that it would offer liquidity to Inner Mongolia-based Baoshang Bank, which the country’s financial regulators have said they would take over due to the serious credit risks it poses.

The People’s Bank of China (PBOC) also said in a statement that it and the China Banking and Insurance Regulatory Commission (CBIRC) would give more policy support to improve small- and mid-sized banks’ corporate governance.

 

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