Sichuan Trust Misses Payments on Financial Portfolios as Investors Protest Outside
The Sichuan Trust company missed payments on the principal and interest that matured in June on TOT (trust of trust) investments worth at least $3.56 billion. Investors have gathered outside the company headquarters in Chengdu, Sichuan Province, to demand their money back.
While the company claimed it was affected by the economic downturn caused by the pandemic, some of the company’s investors suspect the firm has committed wrongdoing that led to its failure to secure the funds.-- More...
View Comments
Epoch Times——Bio and Archives
The Epoch Times: “A Fresh Look at Our Changing World”
The Epoch Times is a privately held news media company. The center is in New York, but our network of local reporters throughout the world uncovers stories that are authentically local, yet also globally relevant. Our independence enables us to report widely and present a diversity of opinions.
We have offices in 30 countries across five continents, and our content is published in 17 languages. We are proud to offer print and web editions in Chinese, English, German, French, Spanish, Hebrew, Russian, Japanese, Korean and Indonesian, as well as web versions in Ukrainian, Bulgarian, Romanian, Czech, Slovak, Vietnamese and Swedish.