Commentary On Dec. 22, 2020, Sichuan Trust was officially taken over by China’s regulators for restructuring, after the company was found to have violated finance-related laws and regulations, according to Chinese media reports. Since the beginning of this year, China’s trust industry has collectively failed to repay investors. The four pillars of China’s financial industry…
China’s Takeover of Trust Company Highlights Severity of Financial Crisis
Former Head of China’s Largest Financial Asset Management Company Sentenced to Death
BEIJING—The former chairman of China Huarong Asset Management Co. has been sentenced to death, a court in the northern city of Tianjin said on Jan. 5, in one of the country’s highest-profile corruption cases. Lai Xiaomin was convicted of receiving or seeking bribes totaling 1.788 billion yuan ($276.72 million) from 2008 to 2018, when he…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`