Guangdong International Trust and Investment Corporation (GITIC) was one of

People's Republic of China China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...

's largest state-owned companies. On January 16, 1999, its

bankruptcy Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor ...

was the biggest in the history of the country to date.[]

References

Economy of China Banking in China Companies that have filed for bankruptcy in the People's Republic of China {{PRChina-company-stub