Wealth and Asset Management
Chinese wealth management firm stiffs big investors
A 36-year-old wealth management firm in China with more than 100,000 high-net-worth clients delayed payment of its maturing wealth products as both the company and its parent firm faced a liquidity crunch due to soured investments in the property sector. Zhongrong International Trust, formerly known as Harbin International Trust, which…
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Click here to read the full story: Asia Times