China Opens Probe of Indebted Asset Management Firm

FILE - The logo of Zhongrong Dingxin is seen on the office building of Zhongrong International Trust, a trust company partially owned by Zhongzhi Enterprise Group, in Beijing, Aug. 22, 2023.

Chinese police have opened an investigation into Zhongzhi Enterprise Group after the debt-ridden financial giant declared itself insolvent.