[3][4][2] The company is heavily linked to the Chinese real estate sector, which since 2020 has been experiencing difficulties.

[2][1][6] The founder's death, and subsequent departure of senior executives, was blamed by the company for its struggles in November 2023.

[5] It was noted after the fact, that problems had been around since August 2023 when a subsidiary had missed payments.

[5] On 5 January 2024, Zhongzhi declared bankruptcy at the Beijing First Intermediate People’s Court after it could not repay its outstanding debts.

[3][1][7][5] As of January 2024[update], unless otherwise cited, information from Zhongzhi Enterprise Group.