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"China's Zhongzhi: A $65 Billion Bankruptcy Amid Debt and Property Crisis"

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Source: Bloomberg
"China's Zhongzhi: A $65 Billion Bankruptcy Amid Debt and Property Crisis"
Photo: Bloomberg
TL;DR

Chinese leaders sought a quick resolution for Zhongzhi Enterprise Group Co. after its collapse, opting for bankruptcy within three months of its default on wealth products, in a bid to limit the impact on financial markets and contain financial risks amidst economic struggles.

Topics:businessfinance#bankruptcy#china#finance#financial-markets#shadow-banking#zhongzhi-enterprise-group-co
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  1. China Leaders Sought Quick Zhongzhi Resolution to Shield Markets  Bloomberg
  2. Shadow bank Zhongzhi files for bankruptcy as China's debt and property crisis deepens  CNBC
  3. A Chinese shadow bank is the latest casualty of the country's real estate crisis, declaring bankruptcy with up to $65 billion in debt  Yahoo Canada Finance
  4. China Debt Crisis: Wealth manager Zhongzhi files for bankruptcy liquidation | World Business Watch  WION

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