China Shadow Bank Zhongrong Faces Liquidation After $108 Billion Collapse
17 Apr 2025
China may be on the cusp of its Lehman moment because Zhongrong International Trust, a significant firm in the $3.7 trillion shadow banking universe, has been ruled insolvent. Formerly overseeing $108 billion, the fall has destabilized China's rich elite and caused tremors in the financial markets. More than 30,000 investors...
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