Baoshang Bank, which had assets of 576 billion yuan (US$84 billion), is a microcosm of the confounding challenges of China’s fragile financial foundation with banks using products such as trust beneficiary rights and directional asset-management plans to hide the true state of their bad loans ...
Baoshang Bank, which had assets of 576 billion yuan (US$84 billion), is a microcosm of the confounding challenges of China’s fragile financial foundation with banks using products such as trust beneficiary rights and directional asset-management plans to hide the true state of their bad loans ...