China Investigates Major Shadow Bank for Financial Crimes

Chinese officials have launched an investigation into one of the country's biggest shadow banks, which has lent billions to real estate firms. <br />Zhongzhi Enterprise Group has an asset management arm that at its peak reportedly handled more than a trillion yuan. <br />Authorities says they are investigating suspected illegal crimes against the firm. <br />This comes days after reports that ZEG had declared it was insolvent. <br /><br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>