Real Estate Crisis Triggers New Alarms Over China ’s Shadow Banks

The Beijing headquarters of Zhongrong International Trust, which held $86 billion in investments in 2022. A financially troubled firm has stopped paying investors, risking panic and testing the Chinese government’s resolve to take on debts from its property crisis. An accountant in northeast China…#beijing #zhongzhi #xinhuatrust #neweratrust #loganwright #rhodiumgroup
Source: Reuters: Health - Category: Consumer Health News Source Type: news
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