Chinese property stocks climbed in Hong Kong trade amid rising hopes that Beijing will soon make dozens of companies eligible for financing, including developers that have defaulted on debt.
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China Property Stocks Jump on Hopes for ‘White List’ Financing
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Zhongzhi Enterprise Group, one of mainland China’s largest shadow banks, has warned investors that it is unable to repay its debts, setting off alarm bells in the trust sector which invests a large …
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China wealth manager Zhongzhi flags insolvency, liabilities of $64 bln
China’s Zhongzhi Enterprise Group told investors it is heavily insolvent with liabilities of up to $64 billion, more than double its assets, as one of the country’s leading wealth managers grapples …
War with China is not an option, Taiwan ruling party VP candidate says
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China’s collapsed shadow bank Zhongzhi warns of $41.5 billion debt hole
Zhongzhi and its affiliates had extended loans to troubled developers and snapped up assets from firms like Evergrande. Read more at straitstimes.com.
China wealth manager Zhongzhi flags insolvency, liabilities of $64 billion
China’s Zhongzhi Enterprise Group told investors it is heavily insolvent with liabilities of up to $64 billion, more than double its assets, as one of the country’s leading wealth managers grapples …
