Wenzhou had pinned its hopes on legalised companies offering capital guarantee services to bail out troubled small firms. Photo: Bloomberg Wenzhou had pinned its hopes on legalised companies offering capital guarantee services to bail out troubled small firms. Photo: Bloomberg
Wenzhou had pinned its hopes on legalised companies offering capital guarantee services to bail out troubled small firms. Photo: Bloomberg

Bankruptcies rock loan guarantors in China

The credit crisis in the mainland underground banking sectoris hitting lending service groups as bad debts grow and insolvencies escalate

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Wenzhou had pinned its hopes on legalised companies offering capital guarantee services to bail out troubled small firms. Photo: Bloomberg Wenzhou had pinned its hopes on legalised companies offering capital guarantee services to bail out troubled small firms. Photo: Bloomberg
Wenzhou had pinned its hopes on legalised companies offering capital guarantee services to bail out troubled small firms. Photo: Bloomberg
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