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China's property trusts wary of funding projects
US$9.1b in bonds and loans maturing by year-end
Published Wed, Sep 17, 2014 · 04:00 PM
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[SHANGHAI] Property trusts are funnelling the least amount of money into Chinese developers in almost five years as maturing debt balloons, escalating default concerns.
Issuance of trusts for real-estate projects, which target wealthy individuals, slid to 30 billion yuan (S$6.17 billion) this quarter from 67.8 billion yuan in the three months to June 30, the…
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