© Reuters. FILE PHOTO: A man stands on the Bund in front of Shanghai’s financial district of Pudong in Shanghai

BEIJING (Reuters) – China’s banking and insurance regulator said risks of small and mid-sized banks are manageable and that their liquidity is relatively ample, reported central bank publication Financial News on Sunday.

The regulator also said it will hire law firms to re-evaluate and liquidate some assets of Baoshang Bank Co Ltd after it took over the lender last month due to “serious” credit risks.

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