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China Bank Bailouts Begin

China Bank Bailouts Begin
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Shengjing Bank to sell $24 billion worth assets to local government-backed entity

China s Shengjing Bank said on Wednesday it has agreed to sell a portfolio of assets, including certain loans and investments, among others, for 176 billion yuan to Liaoning Asset Management..

China s Shengjing Bank to sell certain assets for $24 billion

China s Shengjing Bank said on Wednesday it has agreed to sell a portfolio of assets, including certain loans and investments, among others, for 176 billion yuan to Liaoning Asset Management. .

China s Shengjing Bank in $24 bln deal to sell assets to government-backed entity

China s Shengjing Bank in $24 bln deal to sell assets to government-backed entity
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China s Shengjing Bank in US$24 billion deal to sell assets to government-backed entity

Chinese regional lender Shengjing Bank said on Wednesday (Sep 27) it has agreed to sell a portfolio of assets, including certain loans and investments, among others, for 176 billion yuan (US$24.07 billion) to Liaoning Asset Management. Liaoning Asset will fund the purchase of assets by issuing special-purp

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