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Containers China

China Shipping blames error for $315m ‘misuse’ of funds

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CHINA Shipping Group, the second largest shipping company in China, has misused at least Yuan2.4bn ($315m) of its working capital to invest in the booming Shanghai IPO market, according to the country’s top banking regulator, writes Sandra Tsui in Hong Kong.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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