Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the change-wp-admin-login domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/u168781334/domains/cashmycurrency.com/public_html/wp-includes/functions.php on line 6260
China Scrambles to Contain a Looming Shadow-Bank Meltdown – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services

China Scrambles to Contain a Looming Shadow-Bank Meltdown

China Scrambles to Contain a Looming Shadow-Bank Meltdown

Chinese authorities are taking more forceful action to contain the growing financial troubles of one of the country’s biggest shadow lenders.

Police in Beijing said over the weekend that they had taken “criminal coercive measures”—a euphemism for arrests—against multiple employees of Zhongzhi Enterprise. The privately held conglomerate operates several businesses that sold investment products to many wealthy individuals and companies in China, and has struggled for months to make promised payments to investors.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Scroll to Top