Baoshang Bank Takeover by PBOC: Was It The Beginning of China’s Liquidity Crisis?
We’re now one month removed (May 24th) since the PBOC and Chinese banking and financial regulators seized tiny Baoshang Bank in Inner Mongolia. In the one month since, many additional problems in the Chinese banking and financial systems seem to be coming to light. Did Baoshang Bank start a liquidity crisis? China’s SHIBOR lending rate … Read more