2025-07-04
Who?
Zhong Zhi (pronounced 'jong je'), a Chinese financial giant "with assets exceeding Evergrande by 1.14 trillion yuan" has collapsed, leaving their many private investors without the income they were expecting from their investments.
It being China, Zhong Zhi will inevitably have close ties to the government, raising serious questions about how it was regulated and how the collapse was permitted to happen.
"How did I go from buying a financial product to becoming a participant in illegal fundraising?"
Are the Chinese now moving on from "search for the guilty" to "punishment of the innocent", before wrapping it up with "praise and honour for the non-participants"?
Meanwhile many thousands of investors have lost their dosh.
(16 minutes)
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