China's Embattled Jinzhou Bank Courts Investors as Bonds Tumble
- PBOC met financial institutions to discuss Jinzhou: Reuters
- Analyst says Jinzhou heavily reliant on interbank funding
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Bank of Jinzhou Co. said it is in talks to introduce strategic investors after a report that China’s financial regulators are seeking to resolve its liquidity problems pushed down the lender’s dollar-denominated debt.
Officials including those from the People’s Bank of China and China Banking and Insurance Regulatory Commission recently held a meeting with financial institutions in Bank of Jinzhou’s home province of Liaoning to discuss measures to resolve the lender’s liquidity issues, Reuters reported Wednesday citing sources it didn’t identify.