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Zhongrong Trust s missed payments add to Beijing s concerns

Multiple clients at Zhongrong International Trust reported that payments have been delayed

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Risk to China s financial sector laid bare as state-backed trust firm misses US$19 million in wealth-management payments

Zhongrong International Trust’s missed payments of US$19 million to three firms spark fears that China’s slow economy may trigger a liquidity crisis beyond the property sector.

Zhongrong trustWealth management productsMissed paymentsAcity propertyXianheng international

Trust firm delays payouts

China state-owned Zhongrong International Trust has suspended payments of about 350 billion yuan (HK$378 billion) worth of wealth products a.

Nacity property serviceXianheng internationalZhongrong internationalZhongzhi enterprise groupZhongrong international trustProperty serviceThe standardEction newsOp newsEntral station

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