Chinese regulator's Baoshang Bank takeover likely to have wide repercussions

Chinese regulator's Baoshang Bank takeover likely to have wide repercussions

Photographer: SeongJoon Cho /Bloomberg

A takeover by Chinese regulators of a troubled lender with links to a missing tycoon jolted markets on Monday, lifting interbank financing costs for some smaller banks and raising worries about broader risks to the country’s financial system.