underground bank

Investor Scheme Leads to Death Sentence

Wenzhou businesswoman Lin Haiyan was sentenced to death last week for illegal fundraising, highlighting China’s use of capital punishment for non-violent crimes. From Dinny McMahon at The Wall Street Journal: According to...

Supreme Court Rejects Billionaire’s Death Sentence

China’s Supreme People’s Court has rejected the death sentence passed on Wu Ying, a Zhejiang entrepreneur who at 25 was known as the country’s sixth richest woman, but was later convicted of fraudulent...

How to Beat Back the China Bears

At China Real Time Report, Tom Orlik arms “panda-loving” readers for battle against gloomy forecasters of bursting investment bubbles, real estate collapse, shadow banking catastrophe, dwindling workforces and...

Five Jailed In China For Running Underground “Bank”

From Reuters: China has jailed five people for their part in running an illegal currency exchange business that handled billions of yuan in swaps between Hong Kong and the country’s south, state media reported Saturday....

Chinese lenders Black-market banking – The Economist

From The Economist: JUST over two years after a big unlicensed bank was last found in China, another surfaced this week. Last time the bank was based in Shanghai and operated in a small number of provinces. This time the illegal bank, which is based across the border from Hong Kong in Shenzhen, is on […]

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