China's Bank of Jinzhou starts fightback

摘要

Bank of Jinzhou has unveiled plans to replenish capital through a private placement of up to 6.2bn new domestic shares, in the latest move to shore up confidence in China's smaller lenders. The embattled Chinese city commercial bank also announced a sweeping reshuffle of its board of directors that will put it firmly under the influence of its three new state-owned investors - Industrial and Commercial Bank of China, China Cinda Asset Management and China Great Wall Asset Management.