Shenzhen Informer

Shenzhen police crack illegal private bank The underground bank was hidden in an unnoticeable store in Bao'an district, with a sign indicating it sells grain and cooking oil, according to the economic crime investigation department of Shenzhen Public Security Bureau. Thanks to a whistle-blowing … Read more on China Daily

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Shenzhen police crack illegal private bank Shenzhen police said on Jan 14 that they had cracked an illegal private bank involving 120 million yuan ($ 19.3 million). The underground bank was hidden in an unnoticeable store in Bao'an district, with a sign indicating it sells grain and cooking oil, … Read more on China Daily

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Ping An Bank extends private placement deadline SHANGHAI–Ping An Bank Co. , formerly Shenzhen Development Bank Co., said Thursday it will extend the deadline for a 20 billion yuan (US$ 3.1 billion) private placement as the deal is still awaiting regulatory approval. Ping An Bank said in August last … Read more on MarketWatch

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