Caixin China Biz Roundup: The $575 Million Fake SOE Scandal

Jun.22.2020

In today’s episode: Ten arrested on allegations of illegally raising billions of yuan by posing as state owned enterprises; how Hong Kong universities are hoping to attract top students whose overseas study plans were wrecked by the virus; and why a mountain of public funds earmarked for investment in infrastructure and public welfare projects were left idle last year