Chinese authorities looking to cool the country’s overheated housing market are now focusing on trust companies, which they believe are funding the burgeoning development sector. China’s banking regulator will take action against trusts that lend through partnerships, asset management plans or related businesses, Bloomberg reported. It’s a $2.9 trillion industry. The China Banking Regulatory Commission’s action is the latest measure to tackle the red-hot property market. In February, authorities suspended property-related private equity investments in […]

Source: trdnews

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