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.