“Chinese banks shares were hit yesterday on the stock market, led by China Construction Bank (CCB), which fell by 2.95% in Hong Kong on the news that it is the biggest lender to Zhejiang Zhongjiang, which is going bust. Interestingly, three months ago we had a brief mention of Zhongjiang when one of its subsidiaries, Jinxing Property, filed for bankruptcy.”
If you enjoy the content at iBankCoin, please follow us on TwitterRelated Articles
Don’t Do The Crime Unless You Can Pay the Fine
August 7, 2014
State of the Union: Hopes are Dashed
August 6, 2014
1 in 3 Americans are in Financial Ruin
July 29, 2014