[ad_1] The troubled firm reportedly told investors in November its liabilities had outstripped its assets. [ad_2] Source link
Tag: Shadow
Major Chinese shadow bank files for bankruptcy – BBC News
[ad_1] By Sam Gruet Business reporter, BBC News 13 minutes ago Image source, Getty Images Image caption, Zhongzhi lent billions to China’s crisis-hit property developers A major Chinese shadow bank…
Live news: Zhongzhi files for bankruptcy in blow to China’s $3tn shadow banking sector
[ad_1] US employment: Economists forecast the US economy to have added 170,000 jobs in December, down from 199,000 jobs added in November and for the unemployment rate to tick up…
Asia’s business heirs look beyond profits, hoping to escape parents’ shadow
[ad_1] Kuala Lumpur, Malaysia – From Malaysia to Singapore and the Philippines, second- and third-generation family businesses in Asia are charting a different path from their forefathers as they seek…
Record emigration casts long shadow over Hong Kong’s sustainability community
[ad_1] Over the past year alone, Hong Kong has lost close to 100,000 people from its working population, the fastest rate of emigration since official records began nearly four decades ago.…
UBS-Credit Suisse deal casts shadow over Switzerland
[ad_1] UBS Group has emerged as Switzerland’s one and only global bank with a state-backed rescue of its smaller peer Credit Suisse, a risky bet that makes the Swiss economy…
More executives go missing in China – this time linked to troubled shadow bank Zhongzhi
[ad_1] Beijing-based Zhongzhi controls nearly a dozen asset and wealth management firms. It is considered part of China’s $3 trillion “shadow banking” industry, a sector that forms an important source…
Shadow minister visits Bournemouth to speak to small business owners
[ad_1] Darren Jones MP, shadow chief secretary to the Treasury, visited Arts University Bournemouth and met small business owners in Southbourne on Thursday, November 30. At AUB, Mr Jones talked…
China investigates major shadow bank for ‘crimes’ – BBC News
[ad_1] By Zarina McDonald BBC News 1 hour ago Image source, Getty Images Image caption, Zhongzhi lent billions to China’s crisis-hit property developers Chinese officials have launched an investigation into…
Zhongzhi Enterprise Group: China investigates major shadow bank for ‘crimes’
[ad_1] Zhongzhi Enterprise, one of China’s biggest shadow banks, has lent billions to real estate firms. [ad_2] Source link