China debt crunchMissed payments by China's Zhongzhi hit listed companies
Trust company's troubles could be 'the canary in the coal mine'
The logo of the investment subsidiary Zhongrong Dingxin is seen on the Beijing office building of parent company Zhongrong International Trust, which is partially owned by Zhongzhi Group. © Reuters
KENJI KAWASE, Nikkei Asia chief business news correspondent
August 22, 2023 17:29 JST
HONG KONG -- The failure of one of China's largest trust companies to pay interest on its investment products has hit the books of at least six listed companies, in a sign that the turmoil in the nation's property market is spreading to the wider economy.