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A large private wealth manager#39;s crisis exposes another rot in China#39;s financial system

An economic downturn, along with the real estate slump, certainly contributed to the the $137 billion Zhongzhi conglomerate’s woes. China has been cracking down on shadow banking since late 2017. So people naturally ask why this is happening now, and whether there are more blowups coming

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​ An economic downturn, along with the real estate slump, certainly contributed to the the $137 billion Zhongzhi conglomerate’s woes. China has been cracking down on shadow banking since late 2017. So people naturally ask why this is happening now, and whether there are more blowups coming An economic downturn, along with the real estate slump, certainly contributed to the the $137 billion Zhongzhi conglomerate’s woes. China has been cracking down on shadow banking since late 2017. So people naturally ask why this is happening now, and whether there are more blowups coming  Moneycontrol Latest News Read More  

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