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Child shareholders of China bank draw concern BEIJING -- A Chinese bank has confirmed it had dozens of shareholders below the age of 18, including a 10-year-old, drawing questions and criticism from financial experts and Internet users, Chinese media reported Wednesday. Bank of Beijing, which began trading on the Shanghai Stock Exchange in September, said the 84 investors were legal shareholders, who maintained the shares through the bank’s restructuring in 1996 and capital increase in 2004. Among them, 35 people owned more than 100,000 shares, and one was as young as 10. The child became a shareholder when he was one, and now is the bank’s 13th-largest shareholder, with some 1.3 million shares in the bank. |
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