Exclusive: In Wake of Baoshang Bank’s Collapse, Regional Lender Comes to the Rescue

The bank that lost billions of yuan on its investments with troubled Baoshang Bank Co. Ltd. is now coming to its rescue, Caixin has learned.

Hong Kong-listed Huishang Bank Corp. Ltd. has disclosed a plan to purchase part of the assets and liabilities of a banking institution — an institution that Caixin has learned is Baoshang Bank, which regulators took the rare step of taking over in May.