In 2023, Shengjing Bank transferred 176 billion yuan in assets to a Liaoning AMC at face value
In 2023, Shengjing Bank sold 176 billion yuan in assets to a local Liaoning asset management company (AMC) at their original book value, in exchange for a special-purpose note with a 15-year term and a coupon rate of 2.25%, with no loss recognized on the books.