All posts tagged "trust financing"
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364ChinaCBIRC Fines Sichuan Trust Over Illegal Loans, Other Violations
The CBIRC listed 13 violations for the CNY 34.9 billion fine. A team of officials already took control of Sichuan Trust in December following its failure to repay investors.
March 22, 2021 -
193China
CBIRC to Continue Crackdown on Trust Financing Business
The CBIRC is targeting a reduction of total outstanding trust financing products by CNY 1 trillion this year, and to entirely shut down this business over five years.
February 15, 2021
