China News: He Jinbi, the founder of Chinese copper trading company Maike Metals International Co, has reportedly been detained by police for questioning. He and
Executives at Maike Metals International Co., one of China s largest copper trading houses, have lost contact with the company s founder, He Jinbi, and believe that he has been detained by police for questioning. He s detention comes after Maike s liquidity crisis last year, which led to legal action by creditors. Maike, which was responsible for a quarter of China s copper imports, has been absent from the market, impacting liquidity in China s copper trade.
One of China's most influential commodities traders has recently asked for government and financial institutions' help after liquidity issues hit him hard. He Jinbi, founder and [.]