China Investigates Major Shadow Bank’s Billions in Real Estate Loans
(CTN News) – One of China’s largest shadow banks is under scrutiny after lending billions to real estate companies. Zhongzhi Enterprise Group’s (ZEG) asset management division allegedly managed over one trillion yuan ($139 billion; £110 billion) at its peak. The firm was the subject of an investigation into “suspected crimes,” according to a statement released … Continue reading China Investigates Major Shadow Bank’s Billions in Real Estate Loans
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