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Shady fund managers: China wants to defend desperate borrowers from shady fund managers amid spiralling debt.

China has stepped up efforts to tackle the debts amassed by local government financing vehicles (LGFV), which by some estimates have ballooned to 50% of the nations GDP. Beijing fears these LGFVs, which have been crucial in funnelling investment into infrastructure projects, have dipped too far into this perilous segment of the bond market and may default. ....

Zhang Yuzhe , Wang Juanjuan , Chan Wei China ,

In Depth: Dishonest Drugmaker Shows How Hard It Is to Combat Cross-Border Fraud in China


In Depth: Dishonest Drugmaker Shows How Hard It Is to Combat Cross-Border Fraud in China
Hong Kong Exchanges & Clearing in Hong Kong on Sept. 23.
The head of China’s securities watchdog, Yi Huiman, said last year that financial fraud by some overseas-listed Chinese companies is a “
And while the new
Securities Law (link in Chinese), which took effec in March 2020, has helped regulators do more to fight this fraud for instance in the
Luckin Coffee Inc. case there hasn’t been much progress in protecting Chinese mainland investors in these companies.
No one is more aware of this problem than the investors suffering from the fraud committed by a veterinary-drug maker with roots in China. ....

United States , Hong Kong , Inner Mongolia , Nei Mongol , Joshua Dummer , Eli Lilly , Wang Juanjuan , Wang Yangang , Zhang Banghui , Timmy Shen , Roy Bailey , Zhang Leilei , Yi Huiman , Corporate Advisory Hong Kong Ltd , Luckin Coffee Inc , Mongolia Bigvet Co , Ey Bermuda Ltd , Wuhan Xutaizhong Enterprise Management Consulting Partnership , Lilly Nederland Holding , China Securities Regulatory Commission , Hong Kong Stock Exchange , Bank Food Co , China Animal Healthcare Ltd , Securities Law , Luckin Coffee , Animal Healthcare ,