China Starts Bankruptcy Liquidation of Shadow Bank Zhongzhi
A Beijing court has ordered the liquidation of Zhongzhi Enterprise Group Co. and its more than 300 affiliated companies, in a major step toward winding down one of China’s largest...
By Charlie Zhu, Zheng Li, Amanda Wang · Bloomberg Markets
A Beijing court has ordered the liquidation of Zhongzhi Enterprise Group Co. and its more than 300 affiliated companies, in a major step toward winding down one of China’s largest shadow banking conglomerates.