Dossier
Shengjing Bank
Coverage of Shengjing Bank in the Nexus archive.
- Why China must end the lucrative marriage between property and banks
China's government has taken over Wuhan-based Zhongbang Bank due to serious credit risks, signaling regulatory action against the property sector's financial entanglements. This follows a previous incident involving Shengjing Bank linked to the Evergrande debt crisis, highlighting concerns over the sector's debt.