Two Chinese banks get provisional OK to enter bankruptcy proceedings
- Economy
- Reuters
- Published Date: 12:16 | 26 August 2022
- Modified Date: 12:16 | 26 August 2022
China's banking and insurance regulator has agreed in principal to allow two rural banks in Liaoning Province to enter bankruptcy proceedings, according to an official statement released on Friday.
The two banks are Liaoyang Rural Commercial Bank Co., Ltd and Liaoning Taizihe Village Bank Co., Ltd, the China Banking and Insurance Regulatory Commission said.
- Zelensky: Ukraine has exported 1 mln tonnes of food under grain deal
- French energy company TotalEnergies withdraws from Russian gas field
- Beijing and Washington take a major step towards ending dispute over Chinese tech companies
- Pandemic may have worsened trends towards sluggish U.S. labor supply
- Germany and Denmark agree closer cooperation on energy