Tomorrow Holdings, the most secretive conglomerate in China’s capital markets, is facing dismantlement by the country’s top financial regulator. On Aug. 3, the Inner Mongolia Supervisory Bureau, under China Banking and Insurance Regulatory Commission (CBIRC), announced a raft of penalties against the conglomerate. New Times Trust, one of the financial institutions of Tomorrow Holdings, was…
China’s ‘Secret Financial Empire’ Collapses in Leadup to the Vote for Next Communist Party Leader
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