The Fall of New Lake Empire: Financial Default and Mining Equity Dispute
The New Lake Group, under the leadership of its founder Huang Wei, faces severe financial challenges. Defaulting on a trust product worth over 46 billion yuan and being accused in ...
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Shaken Financial Turmoil: The Wenzhou King's $46 Billion Trust Product Crisis in China's Wealthy Regions
discusses the financial turmoil involving Mr. Huang Wei, a prominent businessman from Wenzhou, and his empire, known as the New Lake system. The spotlight is on a $46 billion trust...
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