[ad_1] Troubled Chinese trust firm Zhongrong has lent money to several of the country’s struggling property developers, the Financial Times reported on Sunday (Sep 17) citing its analysis of legal…
Tag: Zhongrong
China’s Zhongrong Trust says unable to make some payments on time
[ad_1] SHANGHAI : Troubled Chinese trust firm Zhongrong International Trust Co said it was unable to make payments on some trust products on time. Zhongrong International Trust has already missed…
Top shareholder of China’s troubled Zhongrong Trust plans to delist; stock surges
[ad_1] The office building of Zhongrong International Trust, a trust company partially owned by Zhongzhi Enterprise Group, in Beijing, China August 22, 2023. REUTERS/Florence Lo/File Photo Acquire Licensing Rights SHANGHAI,…
China’s ‘Lehman moment?’ Zhongrong Trust misses payments to investors | CNN Business
[ad_1] Hong Kong/Beijing CNN — A major Chinese investment trust has missed payments to corporate investors, sparking a rare protest and adding to concerns that a slump in China’s property…