China's Baoshang Bank to write down $984.2 tier-two capital bond

China's Baoshang Bank to write down $984.2 tier-two capital bond

Shanghai, China. Source: Robynne Hu/Unsplash

China’s Baoshang Bank said that it would write down the principal of a 6.5 billion yuan ($984.27 million) tier-two capital bond, nearly a year and a half after the bank‘s seizure by regulators.