China Launches Investigation into Troubled Shadow Bank Zhongzhi, Detains Suspects
TL;DR
China has launched an investigation into Zhongzhi, a struggling shadow bank, as part of its efforts to crack down on financial risks in the country. The probe comes amid concerns over the stability of China's financial system and the potential for a debt crisis.
- China launches probe into struggling shadow bank Zhongzhi Financial Times
- Beijing police launch investigation into troubled wealth manager Zhongzhi Yahoo Finance
- China Opens Probes of Troubled Shadow Banking Giant Zhongzhi Bloomberg
- Beijing police probing suspected crimes of Zhongzhi Group | World Business Watch WION
- China opens probe into troubled shadow bank Zhongzhi, detains suspects South China Morning Post
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