China’s First Bank Seizure in 20 Years Spooks Markets

The transcript discusses the negative impacts on equity, bond, and money markets, highlighting the drop in shares of Hong Kong-listed Chinese banks and the rise in interbank repo rates. It details the Chinese government's seizure of a bank for the first time since 1998 due to serious credit risks, causing market nervousness. The discussion also covers regulatory concerns about banks' financial practices and potential market sell-offs.

How much in negotiable certificates of deposits does the Bank of Bashan have outstanding?

What actions are regulators taking in response to the financial market risks?