Chinese authorities have opened criminal investigations into the money management business of Zhongzhi Enterprise Group Co.
The company recently revealed a $36.4 billion shortfall in its balance sheet.
The investigation is part of a broader scrutiny of China's property sector, with a focus on the financiers behind firms like China Evergrande, Country Garden, and Sino-Ocean.
Chinese authorities have initiated criminal investigations into the money management business of Zhongzhi Enterprise Group Co., a prominent shadow banking entity in China. This development follows the company's recent disclosure of a $36.4 billion shortfall in its balance sheet. Beijing police have implemented 'criminal mandatory measures' against multiple suspects, one of whom has been identified by the last name Xie. The founder of the group, Xie Zhikun, is a well-known figure in the Chinese financial sector.
The investigation into Zhongzhi is part of a broader scrutiny of China's property sector, which has been experiencing a crisis that continues to impact the economy. The focus is on the financiers behind firms like China Evergrande, Country Garden, and Sino-Ocean, whose combined debts exceed $600 billion USD. The crisis at Zhongzhi is seen as linked to these broader property market challenges.
The probe into Zhongzhi bears similarities to the one conducted into real-estate giant Evergrande Group. The authorities' actions against these companies are part of a larger effort to stabilize the country's economy and financial sector. The situation is being closely monitored by investors and market analysts worldwide, given the potential global implications of a major financial crisis in China.
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The overall score is a weighted
number that takes
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account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
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consideration the content
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95%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
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flow,
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Linkage of Zhongzhi's crisis to the broader property crisis in China, including firms like China Evergrande, Country Garden, and Sino-Ocean
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94%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
85%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
Accuracy Deception
(100%)
Fallacies
(100%)
Bias
(100%)
Site
Conflicts
Of
Interest (100%)
Author
Conflicts
Of
Interest (100%)
94%
What's This
The overall score is a weighted
number that takes
into
account conflict of interest, bias, deception and other practices that undermine
the
credibility of the source. It is calculated as:
(Site Conflicts Of Interest +
Author Conflicts Of Interest) / 2.0 * 0.2 +
ArticleBiasScore * 0.20 +
UniquePointsScore * 0.05 +
DeceptionScore * 0.20 +
ReadabilityScore * 0.05 +
FallacyScore * 0.20
Readability
85%
A score that takes into
consideration the content
for
flow,
interruptions with ads, and overt search engine optimization techniques that
makes
the
content hard to understand
Unique
Points
Accuracy Deception
(100%)
Fallacies
(100%)
Bias
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Site
Conflicts
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Author
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Of
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