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China HNA Group's Qianhai Air to exit retail financial products business

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Qianhai Air & Shipping Exchange, part of Chinese conglomerate HNA Group, said on Monday it will exit from its retail financial products business on July 30 to comply with a government order.

[BEIJING] Qianhai Air & Shipping Exchange, part of Chinese conglomerate HNA Group, said on Monday it will exit from its retail financial products business on July 30 to comply with a government order.

Qianhai, in a statement, said it will focus on airline asset trading and fintech and HNA Group will supervise the fund repayment for retail investors and guarantee all investment funds.

REUTERS

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