China State-Backed Entities Provide Financial Backing for Harbin Bank
Posted on 11/18/2019
Chinese government entities increased their ownership in troubled bank Harbin Bank Co., Ltd. Harbin Economic Development & Investment Company and Heilongjiang Financial Holdings Group Company combined holds a 48% stake in Hong Kong-listed Harbin Bank. Six private shareholders of the bank had decreased their stakes. The total transaction will be worth around 15 billion RMB […]
