The move signals regulators’ determination to draw a line under years of opaque shadow banking practices
Published Mon, Apr 13, 2026 · 06:17 PM
[BEIJING] A Beijing court has ordered the liquidation of Zhongzhi Enterprise Group and its more than 300 affiliated companies, in a major step towards winding down one of China’s largest shadow banking conglomerates.
The Beijing No 1 Intermediate People’s Court said it accepted the case on Friday (Apr 10) and creditors have until Jun 10 to submit their claims to the administrator, Beijing Dacheng Law Offices, according to a court notice.
The move signals regulators’ determination to draw a line under years of opaque shadow banking practices, as courts and administrators seek to untangle…