Shu Zhang
Stories by Shu Zhang
Malaysia’s CIMB alleges ‘suspicious’ Hontop Energy oil deals with BP
Singapore’s High Court has appointed an independent supervisor to oversee the restructuring of Hontop Energy.
China Minsheng Investment raising funds from staff to fight liquidity squeeze
CMIG's employees in its headquarters can put their own money into the pool and choose between buying CMIG's debt or equity.
Chinese P2P lender Dianrong to shut down 60 stores, lay off 2,000 employees
The shrinking of Shanghai-based Dianrong comes amid Beijing's multi-year crackdown on risky practices and excessive leverage in the financial system
China seizes $1.5b worth assets in latest P2P lending crackdown
The P2P industry had outstanding loans of $217.96 billion last year, far larger than the combined sector outside China.
Debt guarantee tangle: China’s private firms hit by default contagion
In the eastern city of Dongying, at least 28 private companies are seeking to restructure their debts and avoid bankruptcy.
Citigroup to end Chinese securities JV to set up majority-owned venture
China's securities regulator approved UBS Group's majority stake in its securities JV, making it the first foreign bank to take such control.
China’s Anbang to sell Chengdu Rural Commercial Bank stake for $2.44b
The move marks the latest Anbang asset sales since a state takeover group seized control of the troubled firm in February.
China said to move closer to allowing foreign insurers to control local ventures
Britain's Prudential Plc and Canada's Sun Life Financial Inc are among insurers who expressed interest in recent months in owning more of their China
Stake in Tencent-backed WeBank to be auctioned after court ruling
A stake of Chinese private lender WeBank is being auctioned with a price tag of $63.63 million following a court ruling.
Indonesian authorities taking on aggressive Chinese online lenders
The wave of predominantly Chinese fintech lenders, who often do not register and employ aggressive debt collection practices, is now alarming regulato
