BEIJING -- Public security authorities here said Saturday they have taken "mandatory measures" against Chinese conglomerate Zhongzhi Enterprise Group on suspicion of illegal activity in its asset management business.
Finance
Chinese authorities move on asset manager Zhongzhi after defaults
Beijing takes 'mandatory measures' that may include arrests
A Zhongzhi Enterprise Group office building in Beijing. The conglomerate is a player in China's shadow banking sector. © Reuters
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