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China's property trusts wary of funding projects

US$9.1b in bonds and loans maturing by year-end

[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)...

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