China okays Bank of Liaoning's acquisition of two local banks

China okays Bank of Liaoning's acquisition of two local banks

Traffic move down the third ring road in Beijing, China, on Monday 15 May, 2017. Photographer: Qilai Shen/Bloomberg

China‘s banking and insurance regulator on Thursday said it had approved the acquisition by Bank of Liaoshen, the newly established lender of China‘s northeastern rustbelt Liaoning province, of two smaller local banks.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter