Chinese shadow bank Zhongzhi faces $36bn shortfall after ‘management ran wild’
中植集团“严重资不抵债”
Financial group tells investors it is ‘severely insolvent’ after unexpected death of its founder in 2021
中植表示其总资产约为2000亿元人民币，而负债规模最高达4600亿元人民币，且由于实控人离世，内部管理面临失效状态。
Zhongzhi, one of the biggest groups in China’s vast shadow financing market, faces a shortfall of as much as $36.4bn and has warned that it is “severely insolvent” in a letter to investors.The worsening situation at Zhongzhi has put the spotlight on liquidity issues in China’s nearly $3tn shadow financing market and its exposure to the country’s property sector crisis.
中植集团(Zhongzhi)是中国庞大影子融资市场上最大的集团之一。该集团面临高达364亿美元的资金缺口，并在致投资者的一封信中警告称，该集团已“严重资不抵债”。
Zhongzhi, a sprawling financial conglomerate, wrote in a letter viewed by the Financial Times that its total assets amounted to just Rmb200bn ($28bn) against obligations of up to Rmb460bn.
中植日益恶化的境况，把聚光灯投向了中国近3万亿美元影子融资市场的流动性问题，以及该市场对中国房地产行业危机的敞口。
The company blamed the shortfall on the departure of “multiple senior executives and key personnel” and the 2021 death of founder Xie Zhikun, who “played a pivotal role in decision-making” at the group.
在英国《金融时报》看到的一封信中，这家规模庞大的金融集团写道，其总资产约为2000亿元人民币（合280亿美元），而负债规模最高达4600亿元人民币。
