HONG KONG -- A Chinese state-owned coal miner is accused of wrongdoing in a bond issuance that has sparked turmoil in the mainland's financial market.
An investigation of Yongcheng Coal and Electricity Holding Group's issuance of a 1 billion yuan ($152 million) short-term note found evidence of "violations of laws and regulations," the National Association of Financial Market Institutional Investors alleged on Tuesday.
