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Can state-owned banks go bankrupt?

Asked by: @a. *** City: Nationwide Tags: Bank Bankruptcy Question Time: 2017-08-28 12:53
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  •             Enthusiastic users
    2017-08-29 20:20
            The fact that China's state-owned banks are the lifeblood of China's economy will not allow them to go bankrupt. Even if there are problems in the state-owned banks, the state will inject funds to help them weather the storm. In our country, the financial institutions such as commercial banks, securities companies and insurance companies also apply the bankruptcy law, so long as they meet the conditions of bankruptcy, they can apply for bankruptcy. The difference is that an application by the financial supervision and administration institution under the State Council to the people's court for the reorganization or bankruptcy liquidation of the financial institution shall be made. Article 2 of the "Enterprise Bankruptcy Law of the People's Republic of China" If an enterprise legal person can not pay off debts as it falls due and the assets are not sufficient to pay off all debts or apparently lack the solvency, the debts shall be disposed of in accordance with the provisions of this Law. Article 134 Where a financial institution such as a commercial bank, a securities company or an insurance company has the situation as prescribed in Article 2 of this law, the financial supervision and regulation institution of the State Council may file an application with the people's court for a reorganization or bankruptcy liquidation of the financial institution . Where the financial supervision and administration institution under the State Council takes measures such as takeover and custody of a financial institution that poses a significant operational risk according to law, it may apply to the people's court for suspending the civil procedure or enforcement proceedings with the financial institution as the defendant or enforced person. Where a financial institution goes bankrupt, the State Council may, according to this Law and other relevant laws and regulations, formulate measures for its implementation.
  •             Enthusiastic users
    2017-08-29 20:23
            In theory, the financial institutions such as banks will not go bankrupt. Some of the current banks are run by the state or local government. Many banks are state-owned such as the big four banks in ChinaBank of China, ICBC, construction, agriculture, investment promotion, etc.), but now there are many small banks that are uncertain because small banks are run by individuals and therefore risky. Banks are required to operate the country, such as: ICBC's total deposit is 10 million yuan, he would like to deposit 50% of the People's Bank of China is 500 million as withdrawals, which is the state in order to prevent bank reserves is not enough And set up a specific account so as to take care of my no matter when withdrawals will not be banked.
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