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3Novices:With late night social media post, Chinese state lender underscores anxious mood of nation

Late on Tuesday night, the Agricultural Bank of China took the unusual step of turning to social media to rebut media rumours it was under special scrutiny by the industry watchdog.

The bank, one of the nation’s Big Four lenders, admitted the regulator was carrying out a review of its operations, but said the process was standard and prearranged. Its wealth management business had not been singled out for special scrutiny, the bank said on its official Weibo account at 10.50pm on…
May 20, 2017 at 09:03AM http://ift.tt/2rnLUym
#3Novices #News #OnlineMedia #China 3Novices China

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