Hengfeng Bank Getting Bailed Out

Posted on 08/09/2019


Shandong-based Hengfeng Bank Co. Ltd. is a troubled regional bank in China. The bank got official approval for a restructuring plan that involves investments from a provincial government and Central Huijin Investment Ltd., a the domestic unit of the China Investment Corporation (CIC). Central Huijin Investment plans to conduct due diligence on Hengfeng Bank to […]