The Business Times

Zhongzhi

Companies & Markets

China police takes ‘coercive measures’ against staff at Zhongzhi

Chinese authorities said they took “criminal coercive measures” against some employees at the money management business of Zhongzhi Enterprise Group, weeks after a Beijing court accepted the shadow ba...

The building housing the headquarters of Zhongzhi Enterprise Group Co in Beijing on Friday (Jan 5). The firm managed more than US$140 billion at its peak, and then succumbed to the property crisis that has torn through the world's second-largest economy.
International

China leaders pushed for quick Chapter 11 for Zhongzhi to shield markets

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 financi...

Signs of Zhongzhi’s problems emerge in July when Zhongrong International Trust, a leading trust company controlled by Zhongzhi, misses payments on dozens of investment products.
Global Enterprise

Chinese wealth manager Zhongzhi files for bankruptcy liquidation

CHINESE wealth manager Zhongzhi Enterprise Group has filed for bankruptcy liquidation after failing to repay debt, as the firm grapples with a deepening property market downturn.

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