Since September, Zhuhai Huafa has been seeking to negotiate with at least three Chinese banks, attempting to extend the maturity and lower the interest rates for all its deposits, but was rejected by the banks, which was followed by the default of its trust products.
Evidence EVIDENCE
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Context CONTEXT
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This event
Zhuhai Huafa Negotiates with Chinese Banks to Request Extension and Interest Rate Cuts
2026.09 · Reported
Effect
2026.10
·Reported
·Importance IV
·Zhuhai, Guangdong
10.30
·Official claim
·Importance IV
·Zhuhai, Guangdong
Coverage of this event COVERAGE