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Analyst Who Raised Alarm For Chinese Banks Now Predicts Potential Instability In China's $2.9 Trillion Trust Industry

China's trust industry, which contributes to nearly 10% of the country's total loans according to Bloomberg Economics, has already shown signs of instability. ....

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Citic: Citic to examine finances of Zhongrong Trust

Citic Trust, a unit of conglomerate Citic Group, and CCB Trust will lead the effort to stabilize operations at Zhongrong. The plan underscores growing concern among policymakers about the $2.9 trillion trust sector s impact on financial stability amid disappointing economic growth and a worsening property slump. ....

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China Wants to Examine Finances of Troubled Shadow Bank

(Bloomberg) China has asked two of the nation’s biggest financial firms to examine the books of Zhongrong International Trust Co., potentially paving the way for a state-led rescue of the troubled shadow lender, according to people familiar with the matter.Most Read from BloombergCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesPutin Agrees to Visit China in First Trip Since Arrest WarrantWhat to Do With a 45-Story Skyscraper and No TenantsSingapore Money Laundering Case Embroi ....

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Equities sharply lower at open but pare losses by lunch, Hawkish FOMC minutes overnight

Asia Market Update: Equities sharply lower at open but pare losses by lunch; Hawkish FOMC Minutes overnight; AU jobs fall 1st time since Apr; JP expor ....

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The Fiji Times » China sentences tycoon Xiao Jianhua to 13 years, fines his company $8.1 billion

The Fiji Times » China sentences tycoon Xiao Jianhua to 13 years, fines his company $8.1 billion
fijitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fijitimes.com Daily Mail and Mail on Sunday newspapers.

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