China's indebted local governments splash out billions to save struggling small banks

Poor liquidity at China’s regional banks could trigger instability in the state-owned financial system, reduce the credit supply for the real economy, and potentially spill over to a wide range of industries.

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Chengfeng , Jiangsu , China , Jinzhou , Liaoning , Baoshang , Jiangxi , Chinese , Luo Zhiheng , Susan Chu , Nicholas Zhu , Hengfeng Bank , Yuekai Securities Research , Jinzhou Bank , Moody Investors Service , Baoshang Bank ,