Caixin OnlineFinance & EconomicsTop Stories Finance Failure of Trusts Sends Ripples through Industry
02.06.2013 12:36

Failure of Trusts Sends Ripples through Industry

Citic has refused to use its own money to repay investors in troubled products, opening the door to a brave new world of risk assessment
By staff reporters Zhang Yuzhe, Ma Yuan and intern reporter Liu Zhuozhe
 
a

(Beijing) – For many trust investors in China, losing money did not even seem to be a real possibility because of the implicit repayment guarantee by trust companies.

They probably need to reconsider.

This is particularly true for those who bet on two trust products sold by Citic Trust Co., the nation's largest trust company in terms of asset value.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter

LATEST VIDEOS

Latest Issue
On the Cover:

Fumes and Fantasies

Northwest China factories with wastewater 'evaporation ponds' pledged zero emissions and then failed miserably


Issue 84
December, 2014

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Fumes and Fantasies
Northwest China factories with wastewater 'evaporation ponds' pledged zero emissions and then failed miserably
Issue 84
12.01.2014

Subscribe       |       Newsletter        |        FAQ