Caixin report on the spreading impact of the alleged fraud at Camsing Global
- Camsing Global founder Lo Ching has been detained over an alleged supply-chain financing fraud.
- Impact of the irregularities spreading through China's finance sector
- metal products manufacturer Jiangsu Fasten Co. Ltd. on Tuesday said its wholly owned subsidiary Shanghai Mosan Factoring Co. Ltd. held outstanding asset management products worth 2.9 billion yuan ($422 million)
The Caixin article is gated (link if you can access it).
Not a positive for China nor China proxy trades.