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Zhongzhi Enterprise Group: China investigates major shadow bank for 'crimes'

2023-11-27 13:20
Zhongzhi Enterprise, one of China's biggest shadow banks, has lent billions to real estate firms.
Zhongzhi Enterprise Group: China investigates major shadow bank for 'crimes'

Chinese officials have launched an investigation into one of the country's biggest shadow banks, which has lent billions to real estate firms.

Zhongzhi Enterprise Group (ZEG) has an asset management arm that at its peak reportedly handled more than a trillion yuan ($139bn; £110bn).

Authorities...