For the first time in China’s financial history! Baoshang Bank’s 6.5 billion tier 2 debt was written off completely and the central bank determined that an “insurmountable trigger event” occurred.

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1. For the first time in China’s financial history! Baoshang Bank’s 6.5 billion tier 2 equity bonds have been fully written down and the central bank has determined that an “insurmountable trigger event” has occurred.Sina
2. Baoshang Bank’s 6.5 billion Tier 2 equity debt was fully written off due to “insurmountable trigger event”Sina
3. View the full report on Google News

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