TechFlow news on November 23: According to "The China Banking and Insurance Regulatory Commission's Approval on the Bankruptcy of Baoshang Bank Co., Ltd.," CBIRC has原则上 approved Baoshang Bank's entry into bankruptcy proceedings. On May 24, 2019, due to severe credit risks, Baoshang Bank was jointly taken over by the People's Bank of China and CBIRC. The takeover team fully exercised Baoshang Bank's management and operational rights, and entrusted Construction Bank to manage Baoshang Bank's business operations.





