Two top executives linked to China shadow bank Zhongzhi go missing

Companies unable to contact chairpersons following Beijing police investigation

Chinese authorities said they have taken measures against Zhongzhi Enterprise Group, the wealth manager that has reported large excess liabilities. © Reuters

NORIYUKI DOI, Nikkei staff writer

December 1, 2023 01:33 JST

SHANGHAI -- Two companies linked to troubled Chinese shadow bank Zhongzhi Enterprise Group said they have lost contact with their chairpersons, raising speculation that they have been detained by authorities.

Ma Changshui, chairman of Xinjiang Tianshan Animal Husbandry Bio-Engineering, has been unreachable, the company said Thursday.