Property News · November 26, 2023

Chinese authorities open probe into troubled shadow bank Zhongzhi, detain suspects


Police in Beijing have imposed ‘criminal compulsory measures’ against several suspects at Zhongzhi Enterprise Group, after the shadow bank reported an asset shortfall of US$36 billion earlier this week.

Source : South China Morning Post
Read more…Chinese authorities open probe into troubled shadow bank Zhongzhi, detain suspects