China-base Zhingzhi Enterprise Group collapses, declares massive default on financial instruments

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– Ripple effects will impact U.S. institutional investors, pensions, municipalities, banks and more

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– US banks getting hit with a liquidity crisis that will only get worse

www.cnn.com/2023/11/23/business/zhongzhi-enterprise-group-china-insolvent-hnk-intl/index.html
fortune.com/2023/11/24/china-real-estate-zhongzhi-enterprise-group-shadow-bank-real-estate-crisis/
www.bloomberg.com/news/articles/2023-11-22/china-s-troubled-shadow-bank-zhongzhi-warns-of-insolvency#xj4y7vzkg

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h/t TerraForms

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