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.
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.