Failed sports deal puts murky US$3.3 trillion market in China back into spotlight

//Failed sports deal puts murky US$3.3 trillion market in China back into spotlight

Failed sports deal puts murky US$3.3 trillion market in China back into spotlight

The high-profile failure of a European sports-rights agency has sent ripples into an opaque Chinese market for investment products that’s come under increased regulatory scrutiny.China Merchants Bank in 2016 used proceeds from a 2.8 billion yuan (US$414 million) wealth-management product to invest in London-based MP & Silva, the company that was dissolved by the UK High Court in October, as part of a Chinese consortium. As the investors tally their potential losses, the lender is now…

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By | 2019-02-19T01:13:48+00:00 February 19th, 2019|Business|Comments Off on Failed sports deal puts murky US$3.3 trillion market in China back into spotlight