Hundreds of depositors have raced to pull their cash from a small rural bank in eastern China, forcing local officials to take emergency measures to calm the panic after the bank run began to spread.
Coming just weeks after the first true default in the Chinese bond market, the run on Jiangsu Sheyang Rural Commercial Bank is the latest sign of growing stresses in the country’s financial system.
But it has also been a localised event, contained to one farming county where a series of lightly regulated credit co-operatives and loan guarantee companies failed earlier this year after mismanaging funds.
您已閱讀18%(603字),剩余82%(2827字)包含更多重要信息,訂閱以繼續探索完整內容,并享受更多專屬服務。