Zhongzhi Enterprise Group declared bankruptcy after failing to pay its debts due to its heavy investment in the country's crumbling real estate market.
Will Kessler Daily Caller News Foundation Top wealth manager Zhongzhi Enterprise Group declared bankruptcy on Friday after failing to pay its debts due to its heavy investment in the country’s struggling real estate market. Zhongrong International Trust, a subsidiary of the company, told investors in November 2023 that it had at least $31 billion more…
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