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Will the Huawei ban bring China back to the negotiation table; Baoshang Bank problems force gov’t take over

SinoInsight 1 On May 24, the People’s Bank of China and the China Banking and Insurance Regulatory Commission announced that they are taking over control of Baoshang Bank for a year due to the severe credit risks it poses. Baoshang Bank is the first commercial bank to be taken over by the authorities since the …

Read moreWill the Huawei ban bring China back to the negotiation table; Baoshang Bank problems force gov’t take over

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