Mon, 21 Aug 2023 China Legal Trends CJO Staff Contributors Team
In May 2023, the Shanghai Financial Court (SFC) concluded China’s first civil compensation case for fraudulent asset-backed securities (ABS) issuance (See Postal Saving Bank of China Co., Ltd v. Kunshan Meijite Dengdu Management Co., Ltd et al. (2020) Hu 74 Min Chu No. 1801).