Zhongzhi

Police in Beijing said the recovery of “stolen goods” is underway as it took action against suspects which included executives, according to a statement on WeChat on Saturday (Mar 16).

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...

2024-03-17T08:32:21.000Z

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.

2024-01-05T10:57:01.000Z

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