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Bookmark or Share- China Moves to Stabilize Finances of Troubled Shadow Bank - Bloomberg.comChina has asked two of the nation’s biggest financial firms to examine the books of Zhongrong International Trust Co., potentially paving the way for a state-led rescue of the troubled shadow...
- 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...
- Zhongrong Trust's missed payments trigger fears among Chinese investorsSHANGHAI, 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...
- Real Estate Crisis Triggers New Alarms Over China’s Shadow BanksOne of its crown jewels is a 33 percent stake in Zhongrong International Trust, which held $86 billion in investments in 2022. Zhongrong’s statement, issued after weeks of silence, said it had...
- 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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