46 stakeholders, including regional cable TV operators and e-commerce giant Alibaba, sign agreement formally setting up Unified National Network

Bank moves to fulfill guarantee of troubled conglomerate’s borrowing after failure to repay bank for defaulted interest payment in March

Mixed-ownership reform should prioritize well-performing firms in competitive sectors

Once conglomerate Citic Guoan missed an interest payment, it left the bank, a guarantor, on the hook for 2.5 billion yuan