The shadow banking firm has missed payments. News wires quote unnamed sources saying the firm has a liquidity crisis.
Its not the only one:
- The latest news out of China is that one of its biggest trust firms, Zhongrong International, has missed payments on dozens of investment products since late last month
- China's Zhongrong misses dozens of payments as fallout spreads
- Hang Seng: China property developer Country Garden to suspend onshore bond trading
