Metals trader caught up in Qingdao fraud asks for time to repay banks

HONG KONG/SINGAPORE, July 30 (Reuters) - Zhong Jun Resources (S) PTE, the overseas arm of a Chinese firm linked to a suspected metal financing fraud at Qingdao port, has asked a court in Singapore to reject a liquidation order sought by HSBC Holdings, saying it has enough cash and assets to repay banks. The lawsuits relating to the complex funding transactions, which are common in China, are being closely watched by banks and trading firms doing business in the country, which is the world's