# Zhang Jin
Latest news and articles about Zhang Jin
Total: 2 articles found
Former Guangzhou Tycoon Sentenced to Life as Cedar Holdings Collapse Leaves Retail Investors Ruined
A Guangzhou court sentenced Cedar Holdings founder Zhang Jin to life imprisonment and ordered confiscation of his assets after finding him guilty of large‑scale fundraising fraud. The collapse of Cedar’s trust and wealth products left about 6,800 investors short roughly RMB 20 billion, with retail holders likely to recover only a tiny fraction of their losses.
Guangzhou’s Richest Unraveled: Cedar Holdings, a 20bn‑yuan Collapse and 6,800 Angry Investors
Zhang Jin, founder of Cedar Holdings and once Guangzhou’s richest man, is on trial for alleged fundraising fraud and related offences after the company’s wealth‑management products blew up into an estimated 20 billion yuan exposure affecting about 6,800 investors. The collapse highlights systemic risks in China’s supply‑chain finance and shadow‑banking practices, and will test regulators’ appetite for asset recovery and punishment of high‑profile private firms.