China firms say didn’t receive payments due from Zhongrong Trust

SHANGHAI : Two Chinese listed companies said over the weekend that they had not received payment on maturing investment products from Zhongrong International Trust Co, adding to stress in a financial market already roiled by a property sector downturn. The disclosure could deepen market concerns over the health of Chinese conglomerate Zhongzhi Enterprise Group, which controls Zhongrong International and a…

https://worldnewslivetv.com/business/china-firms-say-didnt-receive-payments-due-from-zhongrong-trust/

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