Zhongzhi, China’s troubled US$137 billion shadow bank, plans debt restructuring, hires KPMG
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South China Morning PostBloomberg
Zhongzhi, China’s troubled US$137 billion shadow bank, plans debt restructuring, hires KPMG
The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure its debt and has hired KPMG to conduct an audit of its balance sheet, sources said.
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