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After a run on Yichuan agricultural commercial bank in Luoyang, Henan Province, at the end of October, Yingkou Coastal bank in Yingkou, Liaoning Province, China, also suffered a concentrated withdrawal of depositors on Wednesday. However, local government departments later announced that Yingkou Coastal bank is in financial crisis, which is a false rumor. Any unit or individual's deposit in the bank will be protected by law in accordance with the deposit insurance regulations and other provisions. At present, Yingkou Coastal bank has sufficient funds and all businesses are carried out normally.
"I don't think it's a big problem. After all, the government has come forward. It's probably related to the previous report that the stock right was seized. In fact, everyone misunderstood it." A trader at a securities firm in North China said.
According to Reuters data, the bank currently issues bonds, outstanding balance of 10.93 billion yuan. Among them, two inter-bank certificates of deposit will expire on Friday (8th), namely "18 Yingkou Coastal bank cd025" and "18 Yingkou Coastal bank cd026", with the scale of 250 million yuan and 120 million yuan respectively.
The Beijing News, a domestic media, previously quoted a court ruling saying that Huajun Holding Group Co., Ltd. had no executable property and Yingkou Coastal Bank Co., Ltd. was seized by the court. Huajun International Group (0377. HK), a Hong Kong listed company of the group, is the second largest shareholder of Yingkou Coastal bank.
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