China launches criminal investigation into ‘insolvent’ shadow bank
Bloomberg/Getty Images Signage at the offices of Zhongrong International Trust Co. in Beijing, China, on Monday, August 21, 2023. Hong Kong CNN – The The problems of one of China’s largest private financial conglomerates have deepened as Zhongzhi is now the focus of a criminal investigation. Beijing police have launched an investigation into Zhongzhi Enterprise … [Read more…]