MANY OF CHINA'S BANKS FAIL STRESS TEST

  In our latest look at the turmoil among China's small and medium banks, which included not only the recent bailouts and nationalizations of Baoshang Bank , Bank of Jinzhou, China's Heng Feng Bank, but also the two very troubling bank runs at China's Henan Yichuan Rural Commercial Bank at the start of the month, and then more recently at Yingkou Coastal Bank.
    As Bloomberg reports, in the PBOC's its 2019 China Financial Stability Report, the high risk category contains 586 banks and financing firms, most of which are smaller rural institutions. The report also comically noted that one bank got a "D" grade this year, meaning it went bankrupt, was taken over or lost its license. No banks were named in the report.