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Bookmark or Share- China Asks Citic to Examine Finances of Shadow Bank Zhongrong - BloombergZhongrong and closely linked wealth firm Zhongzhi Enterprise Group Co. roiled markets earlier this month after halting payments on scores of investment products sold to wealthy individuals and...
- Top shareholder of China's troubled Zhongrong Trust plans to delist ...China's Jingwei Textile Machinery Co - the biggest shareholder of troubled Zhongrong International Trust Co - saw its stock surge on Wednesday after offering to buy out investors who object to...
- Zhongrong Trust's missed payments trigger fears among Chinese investors ...SHANGHAI, Aug 16 (Reuters) - Anxious Chinese retail investors are bombarding listed companies with questions about their exposure to Zhongrong International Trust Co after missed payments by the...
- Real Estate Crisis Triggers New Alarms Over China’s Shadow BanksZhongzhi is a privately owned conglomerate with businesses that span venture capital, asset management and insurance. One of its crown jewels is a 33 percent stake in Zhongrong International...
- China’s ‘Lehman moment?’ Big investment firm misses paymentsZhongrong Trust, which managed $87 billion worth of funds for corporate clients and wealthy individuals as of the end of 2022, is one of thousands of wealth management firms in China that offer...
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