Understanding China’s Shadow Banking Crisis: The Case of Zhongzhi Enterprise

The Rise and Fall of a Shadow Banking Giant In recent weeks, China has been grappling with a major crisis in its shadow banking sector, with Zhongzhi Enterprise Group (ZEG) at the center of the storm. Shadow banking, a term for financial activities occurring outside traditional banking regulations, plays a significant role in China‚Äôs economy. … Continue reading Understanding China’s Shadow Banking Crisis: The Case of Zhongzhi Enterprise