The ongoing property crisis in China has taken down another company. This time, it is wealth management firm Zhongzhi, which filed for bankruptcy liquidation. Zhongzhi applied for bankruptcy arguing it could not repay its debts due to insufficient assets.

China Debt Crisis: Wealth manager Zhongzhi files for bankruptcy liquidation

Chinese asset management giant Zhongzhi has filed for bankruptcy. Reports say, the firm could not pay off its debts & had to be declared insolvent. Molly Gambhir brings you a report.

Gravitas | Chinese asset management giant Zhongzhi files for bankruptcy

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