The CSRC said two private funds engaged in a multi-layered investment scheme, with false information disclosure and possible criminal behavior.
November 27, 2023Institutions that settled trades at excessively high rates are asked to submit explanations about their decision-making and bidding process.
November 2, 2023Country Garden is expected to move towards a restructuring that is expected to have a worse impact than Evergrande's 2021 failure.
October 28, 2023Country Garden was due to make a USD 15.4 million coupon repayment this week, but failed to do so, according to reports.
October 20, 2023The CFTC and FTC filed parallel actions alleging Stephen Ehrlich misled customers and caused more than $1bn in losses to Voyager customers.
October 13, 2023The working group will help develop design principles for banks' credit risk models and recommend an independent validation methodology.
October 6, 2023Lenders will have just six months after an account is categorised as non-performing to classify the borrower as a wilful defaulter.
September 22, 2023The amendments will take effect on 1 December, introducing five recovery tools to help manage a potential default by a market participant.
September 5, 2023Citic Trust Co and CCB Trust Co are asked to stabilise operations at Zhongrong International Trust, which defaulted on its investment products in August.
September 1, 2023Zhongrong International Trust has defaulted on more than $20bn worth of payments to nearly 30,000 investors in more than 20 wealth management products.
August 21, 2023