State-operated KDIC will no longer be the largest shareholder of Woori Financial Group, 23 years after the group was created in a government bailout.
November 24, 2021The Shenzhen Financial Regulatory Bureau said a "thorough investigation" into Evergrande Wealth has been launched following investor demands for an inquiry.
September 29, 2021Huarong will issue new shares to Citic Group, China Insurance Investment, China Life Asset Management, China Cinda Asset Management and Sino-Ocean Capital Holding.
August 19, 2021The CBSL will have the ability to replace an institution's management, operate an agent institution and bail out an institution where necessary.
October 13, 2020State-owned China Reform Holdings has set up a bailout fund to help ensure SOEs can avoid bond defaults. Meanwhile, 18 provincial governments have approval to inject capital into banks.
July 28, 2020US savers are increasingly likely to have exposure Chinese banks and their "large volumes of NPLs", says a report from a US Congressional advisory body.
June 3, 2020Under the latest revisions, Korea Development Bank may exercise its voting rights in bailed-out companies for decisions that may impact shareholder value or when restructuring is required.
May 10, 2020Aid recipients will have to maintain staff in employment and refrain from dividend payouts, share buybacks and executive compensation.
May 5, 2020Bank of Gansu, a Chinese regional lender listed in Hong Kong, will reportedly receive a capital injection from the Gansu provincial government, supported by the PBOC.
April 13, 2020A unit of China’s state fund, the Shandong government’s asset management arm, and UOB are among those that will invest in new shares to prop up troubled lender Hengfeng Bank.
December 20, 2019