Econ and Finance - 07 Aug 2020

Baoshang goes bust

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Nope…we’re still not done.

There was one more semi-bombshell in the Q2 monetary report.

Baoshang Bank – which was taken over by the central bank and banking regulator last year – will file for bankruptcy and liquidate its remaining assets, according to the report.

Wow! That seems like a bi...


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