Huishan, Hongqiao test nerves

摘要

Worsening financial troubles at two major Chinese companies have spooked international lenders, reviving long-held fears over corporate governance in the mainland's private sector. china huishan dairy holdings, the country's largest integrated daily firm, saw US$4bn wiped off its shares in a single day as the stock plunged 85% on March 24. The company has since acknowledged that it had missed loan repayments and said five executives had resigned in less than a week.