Zhongrong International Trust crash The economic bombs set a chain reaction and No one escape

, Chinainsights, Zhongrong, Chinanews This is the power of the Zhongrong Trust crash. Wealthy Chinese of middle or even higher classes can be wiped out in two months. Stateowned Zhongrong International Trust, a giant in China s trust industry, is a large seller of financial products. The assets under its management were US108 billion by the end of 2022. The crisis is the latest alarm in the market. According to the stock exchange filings, the company recently failed to make interest and principal payments totaling 14 million to three listed Chinese companies in connection with four trust products it managed. Have questions Do you have something to share with us about China We want to hear from you Email: Facebook Your support allows us to produce more highquality videos. Consider donating at Copyright China Insights 2021. Any illegal reproduction of this content in any form will result in immediate action against the person(s) concerned.