# ADIA

Sovereign Wealth Meets Market Turbulence: The Freefall of *ST Sanfang and the Perils of A-Share Investing

Jiangsu Sanfangxiang poly-materials (*ST Sanfang) has plunged over 50% following 14 consecutive limit-down sessions after receiving a disclaimer of opinion from auditors. The Abu Dhabi Investment Authority is caught in the downturn as a major shareholder, highlighting the risks of investing in distressed Chinese industrial firms.