Lehman Brothers Moment in China – Shadow Bank Sichuan Trust Missed Payments(scmp.com)
scmp.com
Lehman Brothers Moment in China – Shadow Bank Sichuan Trust Missed Payments
https://www.scmp.com/economy/article/3091933/chinas-shadow-banking-system-under-spotlight-sichuan-trust-misses-payments
Sichuan Trust last week apologised to investors for missing payments on its financial products due in part to the coronavirus outbreak and global economic downturn
The firms troubles indicate growing risks in the trust industry, which is often linked to China’s shadow banking system
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