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IPFS News Link • Central Banks/Banking

Bailout #3: Chinese Bank With $200 Billion In Assets Is Nationalized

• https://www.zerohedge.com by Tyler Durden

Last month, when reporting on the imminent failure of yet another Chinese bank in the inglorious aftermath of Baoshang Bank's late May state takeover, we dusted off a list of deeply troubled Chinese financial institutions that had delayed their 2018 annual reports...

... and noted that the #2 bank on this list, Bank of Jinzhou recently met financial institutions in its home Liaoning province to discuss measures to deal with liquidity problems, and in a parallel bailout to that of Baoshang, the bank was in talks to "introduce strategic investors" after a report that China's financial regulators are seeking to resolve its liquidity problems sent its dollar-denominated debt plunging.