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DoF chief economist, other undersecretaries appointed - BusinessWorld Online

DoF chief economist, other undersecretaries appointed - BusinessWorld Online
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Conglomerate allots P115B-P120B in spending

Conglomerate allots P115B-P120B in spending
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China Courts International Investment

China Courts International Investment
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Green finance regulation in China

Wei Quan, Yipu Li, and Xun Li of Han Kun Law Offices report that China has made great strides in developing its green finance markets as the country strives for alignment with international standards

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Elderly retirees face big losses after Chinese trust goes bust, reflecting turbulent economy

Some investors in a troubled trust fund in China are facing financial ruin under a government plan to return a fraction of their money, casualties of a slump in the property industry and a broader economic slowdown. Sichuan Trust, headquartered in the southwest city of Chengdu, announced it was insolvent in 2020, stricken by sketchy accounting and failed investments in shopping malls and other projects. A deadline earlier this month to accept a 20%-60% “haircut” or loss on their investments has left some investors in deep financial trouble, according to public announcements and AP interviews with five people affected.

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Elderly Retirees Face Big Losses After Chinese Trust Goes Bust, Reflecting Turbulent Economy

Elderly Retirees Face Big Losses After Chinese Trust Goes Bust, Reflecting Turbulent Economy
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World News | Elderly Retirees Face Big Losses After Chinese Trust Goes Bust, Reflecting Turbulent Economy

Get latest articles and stories on World at LatestLY. Some investors in a troubled trust fund in China are facing financial ruin under a government plan to return a fraction of their money, casualties of a slump in the property industry and a broader economic slowdown.
World News | Elderly Retirees Face Big Losses After Chinese Trust Goes Bust, Reflecting Turbulent Economy.

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