Devaluation fears along with loss of confidence following the collapse of Guangdong International Trust and Investment Corp.

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Take the case of China International Trust and Investment Company (CITIC).

CENTERFORSECURITYPOLICY: Center For Security Policy

Creditors of the firm, whose full name was Guangdong International Trust and Investment Corporation, included 494 firms, many of them investors from the US, Japan, Hong Kong, Switzerland and South East Asian countries.

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