US-listed Noah Holdings, one of China's largest wealth managers, levied accusations of fraud against Camsing International Holding, the Hong Kong-listed company that said last week its chairman had been detained by police.
Noah Holdings announced late Monday that an affiliate, Shanghai Gopher Asset Management, oversaw some credit funds with ties to a company whose controlling shareholder has been criminally detained by the Chinese police.
Gopher said that . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. Don't miss out!
What you'll get:
- Original and in-depth reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
- Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related stories.
- Weekly Market Wrap-up on A shares, Chinese bonds, the Yuan and commodities!
- Interviews with China experts. We find you insights you should never miss!
Not ready for the full experience? Subscribe to our Free Weekly Newsletter first.
Already have an account? Sign In