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ZHONGRONG
China investors face huge losses over ZhongzhiSun Jianbo, founder of Beijing-based asset manager China Vision Capital, said soured assets are typically sold with a 70% discount. That me...- Chinese state firms' help to troubled shadow bank does little to address investor concernsThe involvement of Chinese state-owned financial firms, Citic Trust and CCB Trust, in Zhongrong International Trust Co's operations and man...
- Asian markets off to a slow start in central bank packed weekThis week, global central banks will take centre stage, with five of those overseeing the 10 most heavily traded currencies - including the...
- Citic to examine finances of Zhongrong TrustCitic Trust, a unit of conglomerate Citic Group, and CCB Trust will lead the effort to stabilize operations at Zhongrong. The plan undersco...
- View: India sees a shadow-banking boom despite China’s funkShadow banks in India are experiencing a surge in growth as they diverge from their counterparts in China. Mukesh Ambani's Jio Financial Se...
- China is on edge as fallout from its real estate crisis spreadsChina's dependence on real estate was lucrative during what seemed like a never-ending property boom, but it has become a liability after y...
- Hedge funds dump Chinese stocks aggressively as growth outlook dimsGoldman Sachs, as one of the biggest providers of lending and trading services through its prime brokerage unit to investors, is able to tr...
- Asia stocks stall, yuan slips as China cuts ratesThe U.S. dollar hovered near 2023 highs on Asian currencies on a combination of rising U.S. Treasury yields and nervousness about the exten...
- Asia suffers China blues; dollar hits 2023 top on yenGeopolitics was an added worry after a Russian warship on Sunday fired warning shots at a cargo ship in the southwestern Black Sea, heraldi...
- Chinese trust firm clients say wealth product payout delayedKBC, a carbon products manufacturer, said in a statement with the Shanghai Stock Exchange that the delayed payments were tied to 60 million...
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