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Central Bank Urges Calm After Taking Control of Baoshang Bank

2019年06月03日 20:48 来源于 财新网
Amid concerns that more lenders are in line for a state takeover, PBOC says move was a one-off and financial risks are under control
Regulators assumed control of Baoshang Bank, a small lender based in Baotou in the Inner Mongolia autonomous region, on May 24. Photo IC Photo

China’s central bank has sought to ease concerns about growing risks in the financial sector in the wake of the recent government takeover of private regional lender Baoshang Bank Co. Ltd., saying the move was a one-off and there are no plans for similar action in the near future.

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