Continuum Economics
  • Search
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
  • Calendar
  • Forecasts
  • Events
  • Data
  • Newsletters
  • My Alerts
  • Community
  • Directory
  • About Us
  • Buy
  • Invite A Friend
  • My Basket
  • Articles
    • All
    • Thematic
    • Tactical
    • Asia
    • EMEA
    • Americas
    • Newsletters
    • Freemium
    • Editor's Choice
    • Most Viewed
    • Most Shared
    • Most Liked
  • Calendar
    • Interactive
      • China
      • United States
      • Eurozone
      • United Kingdom
    • Month Ahead
    • Reviews
    • Previews
  • Forecasts
    • Forecasts
    • Key Views
  • Events
    • Media
    • Conference Calls
  • Data
    • Country Insights
    • Shadow Credit Ratings
    • Full CI Data Download
  • Newsletters
  • My Alerts
  • Community
    • FX
    • Fixed Income
    • Macro Strategy
    • Credit Markets
    • Equities
    • Commodities
    • Precious Metals
    • Renewables
  • Directory
  • My Account
  • Notifications Setup
  • Account Details
  • Recent Devices
  • Distribution Lists
  • Shared Free Trials
  • Saved Articles
  • Shared Alerts
  • My Posts
Published: 2024-01-08T05:27:28.000Z

AUD/USD flows: Chinese and HK Equities SUnk On Weekend Bankruptcy of Zhongzhi

byCephas Kin Long Yung

FX Analyst
-

China 'wealth manager/shadow banking" Zhongzhi goes bankrupt over the weekend

The Chinese Wealth Manager "Zhongzhi" had its difficulties earlier in November but has official declared bankruptcy over the weekend. Its heavy linkage with the property development sector has dragged the company into insolvency. It seems to suggest such shadow banking in China may continue to have a shake out if there is no improvement in the property sector.

The Chinese and Regional equities sunk on the poor sentiment and see AUD/USD dragged 0.24% lower to 0.67. 

Continue to read the article for free
Login

or

or

Topics
FX DM
AUD/USD-Commentary
Foreign Exchange
Flows

GENERAL

  • Home
  • About Us
  • Our Team
  • Careers

LEGAL

  • Terms and Conditions
  • Privacy Policy
  • Compliance
  • GDPR

GET IN TOUCH

  • Contact Us
Continuum Economics
The Technical Analyst Awards Winner 2021
The Technical Analyst Awards Finalist 2020
image