China’s bank concerns resurface as Jinzhou’s dollar bonds tumble

Bank of Jinzhou, a regional China’s leader of banking saw its dollar-denominated debt falling. The nation’s financial regulators now are trying to solve its liquidity problems. Officials who include the workers from the People’s Bank of China and China Banking and Insurance Regulatory Commission recently held a meeting with financial institutions in Bank of Jinzhou’s home province of Liaoning to discuss measures to solve lender’s liquidity issues. Jinzhou Bank shares have been suspended since spring 2019. This time the company did not disclose its last year 2018 financial reports. 

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