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.
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
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.