More executives go missing in China — this time linked to troubled shadow bank Zhongzhi (CNN)

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    More executives go missing in China — this time linked to troubled shadow bank Zhongzhi – By Laura He (CNN) / Dec 1, 2023

    Hong Kong CNN Two Chinese business executives at companies controlled by the embattled financial conglomerate Zhongzhi have gone missing, according to statements by their respective firms.

    The development comes just days after Chinese authorities launched a criminal investigation into the troubled shadow bank, one of China’s largest. Last week, Zhongzhi told its investors that it is “severely insolvent.”

    Dalian My Gym Education Technology, a listed education firm, said it is unable to get in touch with its chairwoman Ma Hongying.

    “The company is not sure of the specific reason why it cannot get in touch with Ms. Ma Hongying,” the company said in a filing to the Shenzhen Stock Exchange on Thursday.

    CONTINUE > https://www.cnn.com/2023/12/01/business/china-executives-missing-zhongzhi-intl-hnk/index.html

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