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China Opens Probes of Troubled Shadow Banking Giant Zhongzhi

(Bloomberg) Chinese authorities said they recently opened criminal investigations into the money management business of Zhongzhi Enterprise Group Co., days after the embattled shadow banking giant revealed a shortfall of $36.4 billion in its balance sheet.Most Read from BloombergMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakHamas Says Next Hostage Release to Israel Is Back On After DelayHamas Frees 24 Hostages From ....

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