Econ and Finance - 24 Jun 2020

Bank shares fail to find buyers at auction

Subscribe to keep reading.

Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.

Already a subscriber? Log in.

According to 21st Century Business Herald, there were almost 1,700 auctions of Chinese bank stocks on Alibaba’s online Taobao platform this year.

Investors were unimpressed: 60% of auctions ended without a buyer.

Some context: Shareholders in China’s non-listed banks routinely use t...

Snuh-ohez.

Your subscription doesn't include access to this content. Upgrade your account to access.

Change your plan