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More executives go missing in China — this time linked to troubled shadow bank Zhongzhi

 
Emeraldlight

User ID: 80816366
United States
12/01/2023 06:55 AM

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More executives go missing in China — this time linked to troubled shadow bank Zhongzhi


Two Chinese business executives at companies controlled by the embattled financial conglomerate Zhongzhi have gone missing, according to statements by their respective firms.

The development comes just days after Chinese authorities launched a criminal investigation into the troubled shadow bank, one of China’s largest. Last week, Zhongzhi told its investors that it is “severely insolvent.”

Dalian My Gym Education Technology, a listed education firm, said it is unable to get in touch with its chairwoman Ma Hongying.

[link to edition.cnn.com (secure)]

Last Edited by Emeraldlight on 12/01/2023 06:55 AM





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