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https://www.cnn.com/2023/11/23/business/zhongzhi-enterprise-group-china-insolvent-hnk-intl/index.html
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Chinese shadow bank says it has ‘huge’ debt and can’t pay its bills - CNN
11/23/23 at 11:32am
Organization
CNN
Author
Diksha Madhok
Details
54 words
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Finance
Business & Industrial
China
CNN
A major wealth management company in China has told investors it can’t pay all its bills, reigniting fears that the country’s long-running real estate slump may be spilling over into the $3 trillion shadow banking sector.
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