Beijing will usually take measures – such as thorough checks of balance sheets – before the official legal process starts, to ensure that the risks of a bankruptcy are under …
Hywin Wealth, a Shanghai-based wealth management company with ties to embattled property developer China Evergrande Group, said it would look into missed payments on its investment products, after talk of …
The analyst who predicted the troubles that cascaded through China’s regional banks four years ago now has similar warning for the nation’s US$2.9 trillion trust industry. Many of these firms …
Zhongzhi Enterprise Group, one of mainland China’s largest shadow banks, has warned investors that it is unable to repay its debts, setting off alarm bells in the trust sector which …