China's banking regulator has established a task force to examine risks at wealth management group Zhongzhi Enterprise, after several of its corporate clients disclosed overdue payments by a trust unit. Zhongzhi is one of the largest players in China's $2.9tn trust industry, which manages pools of savings from wealthy households and corporate clients to provide loans and to invest in such assets as real estate, commodities, bonds and shares.from News-Economic Times https://ift.tt/nPqYjRf
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