China Shadow Bank Zhongrong Misses Payments, Sparking Protests

Zhongrong International Trust Co., one of China’s biggest shadow banks. missed payments on dozens of products, as the fallout from a deepening property slump spreads to the financial sector. About two dozen people protested outside the firm’s office, in a rare show of public outrage after... #press

https://www.bloomberg.com/news/videos/2023-08-16/shadow-bank-zhongrong-misses-payments-sparking-protests-video?utm_source=press.coop

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