Chinese asset manager Zhongzhi says it faces a liquidity crisis: Reuters - CNBC

TL;DR

Zhongzhi Enterprise Group on Wednesday told investors it is facing a liquidity crisis and will conduct a debt restructuring, according to video footage of a meeting, as the Chinese asset manager grapples with a deepening property market downturn. Zhongzhi, with sprawling businesses ranging from mining to wealth management, is the latest major Chinese conglomerate to get into trouble, after the collapse of others including Anbang Insurance Group and HNA Group. Global Business and Financial News, Stock Quotes, and Market Data and Analysis

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