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. State-owned Zhongrong International Trust, a giant in China’s trust industry, is a large seller of financial products. The assets under its management were US$108 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 high-quality 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.