Missed payments by China's Zhongzhi hit listed companies

Trust company's troubles could be 'the canary in the coal mine'

20230822 Zhongrong Dingxin

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

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.

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