Contagion in the East: The Institutional Collapse of Baoshang Bank

What happens when a massive regional bank, deeply entrenched in the world's second-largest economy, is completely hollowed out by its own corporate owners, forcing an unprecedented and panicked government takeover? The abrupt seizure of Baoshang Bank in 2019 marked the first direct state assumption of a Chinese commercial bank in decades, shattering the illusion of absolute financial stability in ...