Chinese police are investigating suspected crimes committed by Zhongzhi Enterprise Group, a leading Chinese wealth manager, according to a social media post published by the Chaoyang Public Security Bureau on Saturday.
Zhongzhi earlier this week told investors it is heavily insolvent with up to $64 billion in liabilities, threatening to reignite concerns that China's property debt crisis is spilling over into the broader financial sector.
The firm has sizable exposure to China's real estate sector and is a major player in China's $3 trillion shadow banking sector - roughly the size of the French economy.
$FXI $MCHI
$CHIR DO NOT !NVEST, SUPER LOOOO VOLUME !
$CHIR - Global X pin risk is increasing. Hedging Global puts https://www.macroaxis.com/stock-options/CHIR/Global-X-MSCI?utm_source=dlvr.it&utm_medium=stocktwits
$CHIR - Risk alert: Global X maximum pain price is slumping https://www.macroaxis.com/stock-options/CHIR/Global-X-MSCI?utm_source=dlvr.it&utm_medium=stocktwits
$BEKE $CHIR shares of Chinese stocks are trading lower after China’s central bank made cuts to the one-year loan prime rate and five year rate amid attempts to stimulate the countries economic recovery
$CHIR - Option Volatility signal: Global X pin risk is slumping https://www.macroaxis.com/stock-options/CHIR/Global-X-MSCI?utm_source=dlvr.it&utm_medium=stocktwits
$CHIR - Volatility alert: Global X options pin risk is increasing https://www.macroaxis.com/stock-options/CHIR/Global-X-MSCI?utm_source=dlvr.it&utm_medium=stocktwits
$CHIR - Implied volatility is down to 0.0 for Global X https://www.macroaxis.com/stock-options/CHIR/Global-X-MSCI?utm_source=dlvr.it&utm_medium=stocktwits
$BEKE $CHIR They’ll try to convince you China’s RE will never recover declining population decreased productivity. There’s 8 billion people on this planet.
Watch how far these go
China To Open Borders, Drop COVID-19 Restrictions: What You Need To Know https://www.benzinga.com/markets/asia/22/12/30198883/china-to-open-borders-drop-covid-19-restrictions-what-you-need-to-know $CHIR $EL $KTEC
