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Chinese Financial Conglomerate Zhongzhi Has a $31 Billion Problem

By Rebecca Feng Chinas Zhongzhi Enterprise Group has at least $31 billion more liabilities than assets and now faces significant going concern risks, it said in a letter to investors this... -November 23, 2023 at 05:46 am EST - MarketScreener
Rebecca Feng Zhongrong International China Construction Bank Citic Group China Zhongzhi Enterprise Group Zhongzhi Enterprise Group

China to name finance veteran Zhu as new forex chief, sources say

China is set to appoint Zhu Hexin, a veteran banker and chief of state-run financial conglomerate CITIC Group, as the new head of its foreign exchange regulator, four people familiar with the... -November 22, 2023 at 12:20 am EST - MarketScreener
Murali Anantharaman Zhu Hexin People Bank Chinese Communist Party Administration Of Foreign Exchange State Administration

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