Zhejiang Orient Financial Holdings guarantees hit 2.9bn yuan

Zhejiang Orient Financial Holdings Group's accumulated guarantees for subsidiary companies reached 291 billion yuan as of July 31, representing 18.58% of the company's audited net assets for 2024.

New guarantees in July alone totaled 48.6 billion yuan. Most guaranteed entities have debt-to-asset ratios exceeding 70%, with the company advising investor caution regarding associated risks.