China trust company Zhongzhi is planning a debt restructuring

<p>The shadow banking firm has missed payments. News wires quote unnamed sources saying the firm has a liquidity crisis.</p><p>Its not the only one:</p><ul><li>The latest news out of China is that one of its biggest trust firms,<a href="https://www.forexlive.com/news/china-concerns-continue-to-linger-in-the-market-20230816/" target="_blank" rel="follow"> Zhongrong International, has missed payments</a> on dozens of investment products since late last month</li><li><a href="https://www.forexlive.com/news/chinas-zhongrong-misses-dozens-of-payments-as-fallout-spreads-20230816/" target="_blank" rel="follow" data-article-link="true">China's Zhongrong misses dozens of payments as fallout spreads</a></li><li><a href="https://www.forexlive.com/news/hang-seng-china-property-developer-country-garden-to-suspend-onshore-bond-trading-20230813/" target="_blank" rel="follow" data-article-link="true">Hang Seng: China property developer Country Garden to suspend onshore bond trading</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.