Asset management firm PGA Venture Partners has suspended operations after failing to repay investors 6.6 billion yuan. Photo: Xinhua

Yet another scam in China’s fund management sector leaves investors scrambling to recoup close to US$1 billion

  • A Chinese online news portal reported that the company had failed to repay its investors since August 2018
  • Office of Shanghai-based asset management group PGA Venture Partners was closed on Thursday
Topic |   Banking & Finance

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Asset management firm PGA Venture Partners has suspended operations after failing to repay investors 6.6 billion yuan. Photo: Xinhua
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