Econ and Finance - 24 Jun 2020

Bank shares fail to find buyers at auction

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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...


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