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ZHONGZHI ENTERPRISE
China's murky bankruptcies expose hazards for foreign investorsA Chinese pork producer's bankruptcy in 2019 has raised concerns about potential misuse of China's bankruptcy process, leaving U.S. investo...- Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debtsEvergrande is one of the biggest developers to have defaulted on its debts. But others including Country Garden, China's largest real estat...
- China investors face huge losses over ZhongzhiSun Jianbo, founder of Beijing-based asset manager China Vision Capital, said soured assets are typically sold with a 70% discount. That me...
- China opens probe into troubled shadow banking giant ZhongzhiPolice in Beijing said in a statement on WeChat that they took "criminal mandatory measures" against multiple suspects, identifying one by ...
- Citic to examine finances of Zhongrong TrustCitic Trust, a unit of conglomerate Citic Group, and CCB Trust will lead the effort to stabilize operations at Zhongrong. The plan undersco...
- China’s market rescue is failing as Xi holds back on stimulusChina’s regulators face a losing battle convincing global funds to invest in the nation’s stocks unless market boosting efforts are accompa...
- China is on edge as fallout from its real estate crisis spreadsChina's dependence on real estate was lucrative during what seemed like a never-ending property boom, but it has become a liability after y...
- The risk of a 'Lehman moment' in China is rising, says Jefferies' Chris WoodThe risk of a 'real Lehman moment' occurring in China is increasing due to a growing shadow banking crisis in the country, warned Chris Woo...
- Global Stock Managers on Guard as China Pain Set to SpreadThe mounting worries have sent equity benchmarks in Hong Kong and China to their lowest levels since November, with the Hang Seng Index ent...
- China's troubled $137 billion shadow bank plans debt restructuring, taps KPMGZhongzhi Enterprise Group Co. hired KPMG in late July to review its balance sheet amid a worsening liquidity crunch, said the people, askin...
- US 10-year Treasury yield hits highest in 10 months, drags on sharesThose minutes showed policy makers were divided over the need for more interest rate increases, with some citing the risk to the economy of...
- China finance giant alarms markets, regulators with missed paymentsChina's banking regulator has established a task force to examine risks at wealth management group Zhongzhi Enterprise, after several of it...
- Chinese trust firm clients say wealth product payout delayedKBC, a carbon products manufacturer, said in a statement with the Shanghai Stock Exchange that the delayed payments were tied to 60 million...
- China stocks rise as property firms gain on policy easing signsThe CSI300 Real Estate Index jumped more than 4% to a two-month closing high, having rebounded almost 20% from its November low.
- China stocks close lower as lending benchmark cut fails to cheer investorsThe one-year LPR was lowered by 5 basis points, while the five-year LPR remained unchanged. Analysts said the decision to keep the five-yea...
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