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Baoshang Bank, the small lender.........>

CHINA PRESS
CHINA PRESS: Baoshang Bank, the small lender seized by the PBOC earlier this
year, has completed the process of replacing all of its Negotiable Certificates
of Deposits (NCDs), according to the PBOC. Through its Weibo account, the
Central Bank said on Wednesday that it had endorsed the new NCDs, along with
China Banking and Insurance Regulatory Commission and the Deposit Insurance
Fund. 96.5% of the NCD holders agreed with the replacement, which concerned NCDs
amounting to a total of CNY43.59 billion, the PBOC statement said. 

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