Tianfeng Securities and Its Alleged Illegal Financing Support to Modern Land

Deep News12-01

The article was published at 5 PM on a Saturday and was abruptly deleted late Sunday night—an utterly baffling move.

In summary, Tianfeng Securities' support for Modern Land Group includes, but is not limited to, the following actions: 1. Directly providing its own funds to Modern Land for use. 2. Instructing employees to guide clients to purchase Modern Land's non-compliant fixed-income products. 3. Using proprietary trading funds to purchase Modern Land's bonds. 4. Issuing various asset management products to invest in Modern Land's bonds. 5. Underwriting tens of billions of yuan worth of Modern Land's domestic bonds. 6. Issuing deficiency guarantee letters for Modern Land's bondholders. 7. Assisting Modern Land in issuing $1 billion in overseas bonds. 8. Launching equity funds to invest in Modern Land's subsidiary projects.

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