#Zhongzhi, an asset and wealth management company in #China’s #ShadowBanking sector, said its total assets amounted to 200bn yuan (£22.5bn) against obligations of up to 460bn yuan, in a letter to shareholders issued on Wednesday. #PropertyMarket #CounteyGarden #EvergrandeGroup
Chinese #ShadowBank admits £30bn shortfall after ‘management ran wild’ | Chinese economy | The Guardian
https://www.theguardian.com/business/2023/nov/23/chinese-shadow-bank-zhongzhi-30bn-shortfall-china-property-market