Caixin
Jul 21, 2021 08:47 PM
FINANCE

Five Things to Know About How China Is Tackling ‘Too-Big-to-Fail’

The headquarters of the China Banking and Insurance Regulatory Commission in Beijing on March 19. Photo: VCG
The headquarters of the China Banking and Insurance Regulatory Commission in Beijing on March 19. Photo: VCG

Bailing out failed financial institutions has been a big headache for China’s financial regulators over the past three years as they’ve tried to protect the financial system from the risks posed by massively indebted companies. Two of the highest-profile rescues have been of Anbang Insurance Group Co. Ltd., and Baoshang Bank Co. Ltd. Others that have been, or are currently being, restructured by either national-level regulators or by local governments include Hengfeng Bank Co. Ltd. and Bank of Jinzhou Co. Ltd.

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