Zhongzhi, the conglomerate at the centre of China’s $3tn shadow banking market, has filed for bankruptcy, saying that it was “severely insolvent”.A Beijing court accepted a bankruptcy and liquidation application from Zhongzhi on Friday, stating that the group was unable to pay its debts.
置身于中國3萬億美元影子銀行市場中心的企業集團中植(Zhongzhi)已申請破產，承認其“嚴重資不抵債”。
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