Caixin
Nov 23, 2021 07:02 PM
FINANCE

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

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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