![Beijing court accepts shadow bank Zhongzhi’s bankruptcy application](https://cdn.newsserve.net/ONPglobe256.png)
Beijing court accepts shadow bank Zhongzhi’s bankruptcy application
“Zhongzhi has been in trouble for a long time,” said Shen Meng, director at Beijing-based investment firm Chanson & Company. The company has filed for bankruptcy on the grounds that it is unable to repay debt and has insufficient assets to pay off its dues, according to a WeChat statement by…
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