Global Trade Alert
Global Trade Alert

China: State steps in to take control of private bank

Announcement

24 May 2019

May 24th, 2019 - The Chinese government announced that it was taking full control of Baoshang Bank, a private company based in northeastern China.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

24 May 2019

Revocation date:

No revocation date

Updated: 24 May 2019
Financial grant In force

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...

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