The SHADOW BANKING Market has expanded rapidly in China over the past 15 years and total exposure now stands at $3 TRILLION. Shadow banks are UNREGULATED and have been using investors' funds to provide debt to Chinese companies as well as making direct investments into property projects and property companies. Zhongzhi is one of the largest Shadow Banks and has now filed for BANKRUPTCY after declaring a $64 Billion Black Hole in its Balance Sheet. Zhongzhi is one of the largest Bankruptcies that China has ever seen and in this video I look at the reasons why the company is insolvent, discuss the risks now facing the whole of the Shadow Banking market and look at the potential impact on the Chinese Economy.
For specific details please check out the CHAPTER list below.
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Chapters: 0:00 Intro 4:01 SHADOW BANKING 8:23 CHINESE REAL ESTATE 12:17 ZHONGZHI BANKRUPTCY 17:23 SUMMARY & CONCLUSION
