On July 3, 2026, the Heilongjiang regulatory bureau approved the bankruptcy of Zhongrong Trust. The trust giant, which defaulted in 2023 and managed over 700 billion yuan, has been confirmed insolvent, with over 200 billion yuan in assets on its books and over 400 billion yuan in liabilities.
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Zhongrong Trust bankruptcy proceedings finalized, confirmed insolvent
2026.07.03 · Verified
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