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liquidity crisis: China s troubled $137 billion shadow bank plans debt restructuring, taps KPMG

Zhongzhi Enterprise Group Co. hired KPMG in late July to review its balance sheet amid a worsening liquidity crunch, said the people, asking not to be identified as the matter is private. The Beijing-based company plans to restructure debt and sell assets after the review in order to repay investors, the people said. The company manages more than 1 trillion yuan ($137 billion) of assets.

Chinese Police Pay Cordial Visits To Homes Of Angry Zhongrong Investors Urging Them Not To Protest

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