Investors protest outside Sichuan Trust’s headquarters in Chengdu. Photo: Handout
China’s shadow banking system under spotlight as Sichuan Trust misses payments amid economic slowdown
- Sichuan Trust last week apologised to investors for missing payments on its financial products due in part to the coronavirus outbreak and global economic downturn
- The firms troubles indicate growing risks in the trust industry, which is often linked to China’s shadow banking system
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China economy
Investors protest outside Sichuan Trust’s headquarters in Chengdu. Photo: Handout