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1. ‘Shadow banking’: What it is and why it’s important https://www.cnbc.com/2018/07/13/what-is-shadow-banking-and-why-is-it-important.html 2. China's Shadow Banking System: Everything You Need To Know https://www.investopedia.com/articles/investing/092415/chinas-shadow-banking-system-everything-you-need-know.asp 3. Shadow Banking System: What You Need to Know https://www.investopedia.com/articles/investing/102314/shadow-banking-system-what-you-need-know.asp 4. What is “Shadow Banking”? https://www.nerdwallet.com/blog/investing/shadow-banking-system/ 5. How to Invest in China's Shadow Banking System https://www.investopedia.com/articles/investing/091515/how-invest-chinas-shadow-banking-system.asp 6. The Risks of Shadow Banking https
The largest shareholder of the Chinese trust firm at the heart of the country’s shadow banking crisis plans to delist its shares due to “significant uncertainties,” raising more concerns about financial contagion in the $18 trillion economy.
(Bloomberg) -- Embattled shadow banking giant Zhongzhi Enterprise Group Co. has revealed the depth of its financial difficulties, telling investors it is “severely insolvent” with a shortfall of $36.4 billion.Most Read from BloombergAltman Returns as OpenAI CEO in Chaotic Win for MicrosoftMcKinsey and Its Peers Are Facing the Wildest Headwinds in YearsHulu for $1, Max for $3: Streaming Services Slash Prices This Black FridaySam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnOpen
(Bloomberg) -- Chinese authorities said they recently opened criminal investigations into the money management business of Zhongzhi Enterprise Group Co., days after the embattled shadow banking giant revealed a shortfall of $36.4 billion in its balance sheet.Most Read from BloombergMarkets Cheer as Milei Drops Dollarization for Macri BrassEverything You Need to Know About China’s Child Pneumonia OutbreakHamas Releases Second Group of Hostages Following DelaysHamas Says Next Hostage Release to Is
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