"China's Zhongzhi: A $65 Billion Bankruptcy Amid Debt and Property Crisis"
TL;DR Summary
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:business#bankruptcy#china#finance#financial-markets#shadow-banking#zhongzhi-enterprise-group-co
- China Leaders Sought Quick Zhongzhi Resolution to Shield Markets Bloomberg
- Shadow bank Zhongzhi files for bankruptcy as China's debt and property crisis deepens CNBC
- 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
- China Debt Crisis: Wealth manager Zhongzhi files for bankruptcy liquidation | World Business Watch WION
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