China banking regulator will study ways to restructure high-risk rural commercial banks

Bank of Jinzhou Co

25/07/2019 08:54

BEIJING, July 25 (Reuters) - China's banking and insurance
regulator said on Thursday it will study market-based and
law-based ways to restructure and reform high-risk rural
commercial banks.
    It will also invite commercial banks in good standing and
qualified investors to participate in mergers and acquisitions
(M&A) and restructuring of those rural commercial banks, the
China Banking and Insurance Regulatory Commission (CBIRC) told
Reuters in response to questions about risks facing the sector.
    Officials from the local branch of China's central bank and
other regulators recently met financial institutions in Liaoning
province to discuss measures to deal with liquidity problems at
troubled Bank of Jinzhou  0416.HK , Reuters reported on
Wednesday.  urn:newsml:reuters.com:*:nL4N24P31K
    The Hong Kong-listed bank said on Thursday it is in talks
with multiple parties for possible strategic investment and
business operations overall are normal.  urn:newsml:reuters.com:*:nB9N24J00P

 (Reporting by Cheng Leng and Beijing Monitoring Desk
Editing by Jacqueline Wong)
 ((LushaZhang1@thomsonreuters.com; 8610-66271276;))