guacamole

@guac · a year ago

China’s shadow banking system under spotlight as Sichuan Trust misses payments amid economic slowdown https://www.scmp.com/economy/article/3091933/chinas-shadow-banking-system-under-spotlight-sichuan-trust-misses-payments

https://www.scmp.com/economy/article/3091933/chinas-shadow-banking-system-under-spotlight-sichuan-trust-misses-payments
China’s shadow banking system under spotlight as Sichuan Trust misses payments amid economic slowdown

scmp.com

published 7/6/2020

author

Amanda Lee, In Beijing, Updated, Jul

summary

Sichuan Trust last week apologised to investors for missing payments on its financial products due in part to the coronavirus outbreak and global economic downturn.