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Old 28-06-2019, 09:50 PM
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Thumbs up Baoshang Bank collapse threatens China's economy !

An honorable member of the Coffee Shop Has Just Posted the Following:





Up until a few weeks ago the Baoshang Bank's prospects seemed bright enough.

According to Baoshing's most recent regulatory filing, the smallish lender based in Inner-Mongolia, made a $600 million profit in 2017.

It had assets of around $90 billion, non-performing loans were modest — under 2 per cent — and its capital buffers would fit comfortably with the global demands of a Tier1 bank.

Then it collapsed.

That set...

Baoshang Bank collapse threatens China's economy !


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