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Africa Housing News > Blog > News > Burned by developers, China’s trust industry pulls back from property
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Burned by developers, China’s trust industry pulls back from property

Fesadeb
Last updated: 2021/11/25 at 7:30 AM
Fesadeb Published November 25, 2021
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Long blessed with licenses that allow them to invest in a wide range of assets, Chinese trust companies 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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Fesadeb November 25, 2021 November 25, 2021
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