The building which houses the headquarters of Zhongzhi Enterprise Group in Beijing, China. Photo: /Bloomberg NewsChina’s Zhongzhi Enterprise Group has at least $31 billion more liabilities than assets and now faces “significant going concern risks,” it said in a letter to investors this week. The company, which caused alarm when one of its key businesses missed a series of debt payments earlier this year, said it has liabilities of $59 billion to $64 billion. Its assets are worth $28 billion, according to the letter sent Wednesday night.

---

Organizations: Zhongzhi Enterprise Group, Bloomberg, China’s Zhongzhi Enterprise Locations: Beijing, China