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Patrick Boyle On Finance — Evergrande Wealth Management Products - A Ponzi Scheme?
Buzzing ratingBUZZING· 70%9m·2021-09-22·Money

Evergrande Wealth Management Products - A Ponzi Scheme?

Patrick Boyle On Finance

Send us a textIn an interview with local media, an Evergrande financial adviser said the products were a type of “supply chain finance”. While the money from retail investors may in years past have gone to its suppliers, the Evergrande executives in Shenzhen receiving retail investors said this was no longer the…

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