wealth management fund 海银 default

[dambio]

More ATBs will be cuming to Singapore to 投靠 BBFA EDMWers.

HUAT Ah for me to have more choices.

More ah peks will fall into love traps at ktvs?

 

[70secs]

buy the dip?

 

[d5dude]

Zhongzhi is much bigger also insolvent, this kind of small fry surely in trouble as well.


https://www.businesstimes.com.sg/in...ongzhi-flags-insolvency-460b-yuan-liabilities

 

[Krabs.]

制度优势

 

[cosmothecat]

Pulling out all my RMB investment now!

 

[Jian19]

Wealth management also can default?

Means they really bad at managing money

Invest in property maybe

China now property market like red sea

 

[mocax]

Why those name got sea it in wan jialat jialat big time? Literally throw money into sea?

见财化水...

 

[orwell76]

Wealth management in tiongkok is basically a Ponzi scheme

 

[chaiscool]

https://www.businesstimes.com.sg/pr...d-low-over-missed-payments-amid-property-woes

Hywin is a small player, with total assets of 2.37 billion yuan (S$446.5 million) as at the end of June, according to company documents.

Its small or Big?!

$400 million aum small lah

 

[Bumperbee88]

 

[needsomeadvice]

Buy the dip, what goes down must come up, ccp wansui!

 

[orwell76]

Buy the dip, what goes down must come up, ccp wansui!

Xi 10 years Shanghai index flat at 3000pts

 

[tth1311]

China Construction Bank system down, cannot do any transactions

 

[needsomeadvice]

Xi 10 years Shanghai index flat at 3000pts

Better all in nao! Better 10 years late than never

 

[hctawsgs]

A 15 sec cut-and-paste video uploaded on youtube, so it must be true.

 

[orwell76]

A 15 sec cut-and-paste video uploaded on youtube, so it must be true.

There is a 2nd video already in the thread if you interested to watch

 

[pieface]

Wow tiongland situation is really jialat. Their biggest property developers like evergrande is already bankrupt. While most of the others are in severe debt. Now even their 3rd largest wealth management fund also defaulted LMAO!

Previously tiongland banks also ran out of money during the henan bank crisis, where the tiongs are protesting outside for their money back. Even their shadow banks like zhongzhi is severely insolvent.

The economic crisis in tiongland is getting from bad to worse. Really falling like dominos one after another.

https://www.theguardian.com/busines...zhongzhi-30bn-shortfall-china-property-market

Chinese shadow bank admits £30bn shortfall after ‘management ran wild’​

Zhongzhi, a wealth manager with links to China’s ailing property market, says it is ‘severely insolvent’

https://fortune.com/2023/08/18/china-evergrande-bankrupcy-chapter-15-debt-restructuring/

Evergrande, the world’s most indebted developer, has finally filed for bankruptcy.​

Twenty months after it defaulted on its debt and sparked a yearslong real estate crisis in China, China Evergrande Group has finally filed for bankruptcy.

 

[andyhtc]

China's property bubble had been brewing for more than a decade. It is going to take a few more years for the market to digest the huge losses.

 

[Whimsica]

Hai Yin?

More like hai xi lang.

 

[Average]

reporting TS for misleading title, 3rd largest in china currynah?