Zhongrong International Trust Co missed payments on dozens of products and has no immediate plan to make clients whole, indicating troubles at the embattled Chinese shadow bank are deeper than previously known. Wang Qiang, board secretary of the firm partly owned by financial giant Zhongzhi Enterprise Group Co, told investors in a meeting earlier this week that the firm missed payments on a batch of products on Aug 8, adding to delays on at least 10 others since late July, according to people familiar with the matter.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-08-16-story-h-242760622-China_shadow_bank_misses_dozens_of_payments_as_risks_grow

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