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Exclusive: Baoshang Bank’s Creditors Get Added Backstop on Deposits, Debts Worth Over 50 Million Yuan

2019年05月28日 19:59 来源于 财新网
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Regulators vow to guarantee 80% of corporate deposits in excess of 50 million yuan at lender linked to Tomorrow Holding, sources say
An advertisement in Beijing for Baoshang Bank on Sept. 8. Photo: VCG

China’s financial regulators will guarantee at least 70% of the funds owed to corporate depositors and certain creditors of a bank that has become the first private lender in China to be directly taken over in 20 years, sources told Caixin.

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