Zhongzhi Enterprise Group

In a significant development, Beijing’s court has accepted the application for bankruptcy liquidation from Zhongzhi Enterprise Group, a renowned wealth management firm in China. What Happened: The Beijing-based wealth management company, which has substantial exposure to China’s real...

The leading wealth management entity in China, Zhongzhi Enterprise Group, is on the brink of insolvency with liabilities nearing a staggering $64 billion. This recent development has sparked concerns over the impact of the country’s property debt crisis on the wider financial...