Chinese distressed banks

Beijing's $14.5b liquidity plan to avoid Baoshang bashing

To keep debt markets stable and defaults under control, the Chinese government is injecting money to help support small and medium-sized banks
The PBOC is shoring up stability in China's financial system.
The PBOC is shoring up stability in China's financial system.

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.

¬ Haymarket Media Limited. All rights reserved.

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