Two Chinese business executives from companies controlled by Zhongzhi, a troubled financial conglomerate, have disappeared, according to statements from their respective firms. This comes after Chinese authorities launched a criminal investigation into Zhongzhi, which recently declared itself severely insolvent. Dalian My Gym Education Technology and Xinjiang Tianshan Animal Husbandry Bio-engineering, both controlled by Zhongzhi, reported that they have been unable to contact their chairwoman Ma Hongying and chairman Ma Changshui, respectively. Zhongzhi, based in Beijing, is a part of China's shadow banking industry and controls several asset and wealth management firms. The company's financial troubles began after the death of its founder in 2021. Concerns about Zhongzhi's finances were first raised when a trust it partially owns missed payments, leading to protests by investors. Zhongzhi has apologized to its investors and revealed that its liquidity has been exhausted. Beijing police have initiated a probe into the company's wealth management unit, suspecting it of illegal activities. The disappearance of business leaders in China has become a common occurrence as the government intensifies its regulatory crackdown on companies.
Подпишитесь на нашу рассылку и получайте информацию о выходе новых статей, информацию об эксклюзивных скидках и другое
Или же подпишитесь на наш Telegram, чтоб всегда быть в курсе наших новостей.