Month: March 2024

Zhongzhi Enterprise Group’s bankruptcy unveils opportunities in cross-border asset recovery, legal services, and distressed asset management amidst China’s financial turmoil.

China’s escalating $261 billion property-related debt crisis prompts creditors to target debtors’ global assets. As wealthy Chinese individuals move assets abroad, domestic financial institutions face challenges in recovery.

Chinese creditors, once resigned to the challenge of recovering assets once debtors and their holdings venture abroad, now find renewed hope through global asset tracking.