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Chinese Company That Sparked Fears of Financial Contagion Falls Into Bankruptcy

A key subsidiary of Zhongzhi had missed multiple debt payments

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Chinese Financial Conglomerate Zhongzhi Declares Bankruptcy

China’s Zhongzhi Enterprise Group has declared bankruptcy, following a calamitous year in which it sparked fears that the world’s second-largest economy was…

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U S December Jobs Report Due Out Today; St Louis Fed Announces New President

U.S. December Jobs Report Due Out Today; St. Louis Fed Names Musalem Its New President By James Christie Good day. The U.S. Labor Department will release its all-important December jobs report.

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Chinese Shadow Bank Announces Insolvency, Government Announces Investigation

Chinese Shadow Bank Announces Insolvency, Government Announces Investigation
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China wealth manager Zhongzhi flags insolvency, $64 bln in liabilities

China's Zhongzhi Enterprise Group, a leading wealth manager, told investors it is heavily insolvent with up to $64 billion in liabilities, threatening to reignite concerns that the country's property debt crisis is spilling over into the broader financial sector

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