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
- Original and in-depth reporting on China's economy and financial markets
- Details, data and perspectives you don't read elsewhere
- THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
- Daily Brief newsletters to get you prepared for every trading day
We highly value independence. We are solely funded by subscriptions from thousands of readers like you.
Already have an account? Sign In