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In Depth: Burned by Developers, China’s Trust Industry Pulls Back From Property

By Wu Yujian, Zhang Yuzhe and Zhang Yukun
2021年11月29日 18:33
The $3 trillion sector is scaling back its immense investments in real estate as it scrambles for cash

Long blessed with licenses that allow them to invest in a wide range of assets, Chinese trust firms poured the money they manage and channeled bank loans into property developers such as China Evergrande Group. But now with Evergrande in crisis and many other property developers also missing debt payments, these investments have come back to bite the trust industry.

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