Feb 26, 2015 12:38 PM

Minsheng Tries Weathering a Maelstrom

(Beijing) -- A corruption probe, an insurance firm's investment spree and a heavily indebted steelmaker are factoring into unprecedented turmoil at the country's largest non-state bank.

China Minsheng Bank executives have downplayed the turmoil's effects by, for example, telling analysts at a February conference that ex-president Mao Xiaofeng's ouster in January on corruption charges would not affect Minsheng's strategic development.

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