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 the firm has already established a special emergency and handling . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- THE WIRE - Up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
- DETAILS - We bring you details that you won't find elsewhere. General information about China is everywhere, but information with details and relevant to your investment is rare.
Grab the Special Offer! Get Yuan Talks full service at $0.6 a day!
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In