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Caixin

In depth: Major Evergrande creditor Minsheng faces wave of bad loans

Party committee chief's reforms fueled turbulence, caused exodus from bank

On Dec. 31, Minsheng's Shanghai shares closed at 3.9 yuan ($0.61), down 25% from the beginning of 2021.   © AP

China Minsheng Banking Corp., the country's largest privately owned bank by assets, is likely going through its coldest winter ever.

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