Chronicle TIMELINE
A chronological, causal record of the resistance, major political crises, and contemporary truth.
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1998.08
·Reported
·Importance III
·Sources 1
·China
In August 1998, Fang Xinghai returned to China and joined China Construction Bank, participating in shareholding system reform, IPO preparations, non-performing asset disposal, and debt-to-equity swaps.
1998.08
·Verified
·Importance V
·Sources 2
·China
The Ministry of Finance issued 270 billion yuan in special treasury bonds to replenish the capital of the Big Four banks, and set up four major asset management companies to strip off 1.4 trillion yuan in non-performing assets.