On July 31, financial frontline news reported that the Hebei Financial Regulatory Bureau issued an approval for the dissolution of Ningjin Minsheng Village Bank Co., Ltd..
The decision approves the bank's dissolution following its acquisition by China Minsheng Banking Corp., Ltd..
All assets, liabilities, operations, employees, and other rights and obligations of Ningjin Minsheng Village Bank will be assumed by China Minsheng Banking Corp., Ltd..