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China Largest Debt Collection Agency Hunan Yongxing Asset Management to Close Due to Law Enforcement & 179 Employees Detained by Police, New China Regulations for Debt Collections Expected to be Launched in Q3 2023
27th May 2023 | Hong Kong
China largest debt collection agency Hunan Yongxing Asset Management will be closing due to law enforcement including 179 employees detained by police. New China regulations for debt collections (Risk Control Guidelines for Debt Collections) is expected to be launched in Q3 2023. Hunan Yongxing Asset Management was founded in 2014 and had planned to file for IPO (Initial Public Offering) in United States in 2019.
“ China Largest Debt Collection Agency Hunan Yongxing Asset Management to Close Due to Law Enforcement & 179 Employees Detained by Police, New China Regulations for Debt Collections Expected to be Launched in Q3 2023 “
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