The brokerage’s shares have risen 23 per cent in Shanghai this year, beating an 18 per cent gain on the Shanghai Composite Index. Photo: AP

Central China Securities shares plunge in Shanghai and Hong Kong as asset management products face default risks

Name: SCMP
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Shares of the brokerage caps the biggest decline in two months in Shanghai
Two of the brokerage’s asset-management products worth US$35 million are in danger of defaulting on payments to investors

Topic | Financial regulation

Zhang Shidong in Shanghai

Published: 2:07pm, 12 Jul, 2019

Updated: 9:50pm, 12 Jul, 2019

The brokerage’s shares have risen 23 per cent in Shanghai this year, beating an 18 per cent gain on the Shanghai Composite Index. Photo: AP

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Zhang Shidong

Zhang Shidong is based in Shanghai and reports on business for the Post. He joined the team in 2017, following stints covering China's stock market news for Bloomberg and at a local newspaper in Shanghai.