Struggling under a mountain of debt and loan guarantee obligations, China Fortune Land Development Co. Ltd., one of China’s biggest property developers, is raising as much as 6 billion yuan ($843 million) through a series of transactions that effectively allow it to skirt government restrictions on real-estate lending by trust companies.
How Cash-Hungry Property Developers Are Skirting Curbs on Trust Loans
2019年09月11日 20:28
来源于
财新网
China Fortune Land loan-guarantee disclosures highlight use of perpetual loans to raise funds
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- China Fortune Land Development has provided guarantees for two perpetual subordinated loans from trust companies worth as much as 6 billion yuan to one of its subsidiaries. Photo: VCG
版面编辑：喻竹杨洋
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