Photographer: Qilai Shen/Bloomberg

Bank Jumps 44% in Shanghai Debut Even After China Debt Warnings

  • Shares rise by daily maximum after $633 million share sale
  • Bank of Guiyang reported 32% profit increase in 2015

The shares of a Chinese bank surged by 44 percent in their Shanghai debut on Tuesday even after a spate of warnings that the nation’s bad loans are understated and lenders may need bailouts in coming years.

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