Name: China Leaders Sought Quick Zhongzhi Resolution to Shield Markets
Uploaded: 2024-01-08T04:47:59-05:00
Duration: 5 min
Description: (Bloomberg) — Chinese leaders pushed for an unusually speedy resolution for Zhongzhi Enterprise Group Co. after the shadow banking giant collapsed, underscoring the government’s increased focus on containing financial risks as the economy struggles. Most Read from Bloomberg Top officials concluded in October that bankruptcy would be the most effective approach in limiting the impact […]

Tag: Zhongzhi

China Leaders Sought Quick Zhongzhi Resolution to Shield Markets

(Bloomberg) — Chinese leaders pushed for an unusually speedy resolution for Zhongzhi Enterprise Group Co. after the shadow banking giant collapsed, underscoring the government’s increased focus on containing financial risks as the economy struggles. Most Read from Bloomberg Top officials concluded in October that bankruptcy would be the most effective approach in limiting the impact […]

Troubled China Shadow Bank Zhongzhi Files for Bankruptcy

(Bloomberg) — Chinese shadow banking giant Zhongzhi Enterprise Group Co. filed for bankruptcy, cementing the rapid downfall of a firm that oversaw more than $140 billion at its peak before succumbing to the property crisis that has wreaked havoc on the world’s second-largest economy. Most Read from Bloomberg Zhongzhi said it “obviously” lacked the ability […]