Wednesday, 28 December 2016

China bank calls documents fake after bond default on Alibaba-linked platform | Reuters

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The fate of a defaulted $45 million Chinese corporate bond sold through an Alibaba-backed online wealth management platform was thrown into doubt on Monday… China Guangfa Bank Co Ltd (CGB) said guarantee documents, official seals and personal seals presented by the insurer of the bonds "are all fake" and that it has reported the matter to the police.

From China bank calls documents fake after bond default on Alibaba-linked platform | Reuters

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