China - Henan province named 25 indebted and feeble local banks to be mergedThe info comes from noted China analyst Michael Pettis via twitter:
- Henan province announced its consolidation plans on Sunday, naming 25 institutions to be merged into a provincial-level rural commercial bank.
And goes on:
This of course was inevitable. That its taken so long is a negative. That its finally happening is a positive.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: China - Henan province named 25 indebted and feeble local banks to be merged (https://www.forexlive.com/news/china-henan-province-named-25-indebted-and-feeble-local-banks-to-be-merged-20240731/)
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