China bank calls documents “fake” after bond default on Alibaba-linked platform

BEIJING, Dec 26 (Reuters) – The fate of a defaulted $45

million Chinese corporate bond sold through an Alibaba-backed

online wealth management platform was thrown into doubt on

Monday, after a bank said letters of guarantee for the bonds

were counterfeit.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s