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NDIC Law Now Stronger to Liquidate Failed Banks
Summary by mediatalkafrica.com
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More and more mainland Chinese banks are joining the ranks of those selling off properties in bulk. These banks include large state-owned banks, joint-stock banks, city commercial banks, and rural credit cooperatives in various provinces and cities. The root cause of this phenomenon is that banks are liquidating collateral from businesses or individuals they have recovered through the sale of properties.
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