In a sign of the challenges facing the distressed debt market in China, a Chinese investment firm in the non-performing loans market is in deep financial distress with billions of its asset-under-management in danger of significant losses. Its executives have been arrested and could be charged with criminal offenses, according to Chinese local media reports.
Chinese NPL Investment Firm Goes Bust With Billions At Stake, Executives Arrested comes originally from China Money Network. All Rights Reserved.