News Analysis
A crisis of confidence has gripped China’s regional lenders, as Beijing moved to nationalize its third major financial institution since May.
Beijing Nationalizes Third Bank in Three Months
‘Systemic risk’ accelerates as regulators tighten reins amid economic slowdown
A crisis of confidence has gripped China’s regional lenders, as Beijing moved to nationalize its third major financial institution since May.
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A bank employee counts out 100-yuan notes at a bank in Shanghai on Aug. 8, 2018. Johannes Eisele/AFP/Getty Images
By Fan Yu
Updated:
