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China Opens Probes Into Embattled Shadow Banking Giant Zhongzhi

China Opens Probes Into Embattled Shadow Banking Giant Zhongzhi
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China s Troubled Shadow Bank Zhongzhi Warns of Insolvency

China s Troubled Shadow Bank Zhongzhi Warns of Insolvency
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China s Troubled Shadow Bank Zhongzhi Warns It s Severely Insolvent

China s Troubled Shadow Bank Zhongzhi Warns It s Severely Insolvent
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Citic: Citic to examine finances of Zhongrong Trust

Citic Trust, a unit of conglomerate Citic Group, and CCB Trust will lead the effort to stabilize operations at Zhongrong. The plan underscores growing concern among policymakers about the $2.9 trillion trust sector s impact on financial stability amid disappointing economic growth and a worsening property slump.

Why China s $2 9 trillion trust industry is sparking fears of contagion

Chinese regulators have sought for years to get to grips with the $2.9 trillion trust industry, a corner of the country’s shadow banking sector that offers…

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