Wealth and Asset Management
Private banks in China seek state capital amid economic pressures
Some private banks in China have turned to state investors for funds as an economic slowdown weighs on profitability in the sector. In late November, Anhui Xin’an Bank, in the central Chinese province, made headlines when it became the country’s first private bank to be majority-owned by local state-funded entities….
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Click here to read the full story: The Straits Times