Global Trade Alert
Global Trade Alert

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China: State steps in to take control of private bank

Description

On May 24th, 2019, China's two top financial regulators, the People's Bank of China and China Banking Regulatory Commission announced that they would be stepping in to take control of Baoshang Bank, a...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

24 May 2019

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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