Hengfeng Bank takes China bailout

Rebecca Feng

August 12, 2019 11:45 am

China Shanghai sunset 230px — sunset at shanghai china, huangpu river and bund. | kalafoto - Fotolia

Hengfeng Bank will soon become the third Chinese bank to be taken into state control, since the People's Bank of China (PBoC) took over Baoshang Bank in May — a move that pushed Hengfeng into a liquidity crunch.

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Rebecca Feng