China's Zhongrong exposed to struggling property developers- FT

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Troubled Chinese trust firm Zhongrong has lent money to several of the country's struggling property developers, the Financial Times reported on Sunday citing its analysis of legal and company filings.Zhongrong International Trust Co is a giant of China's $3 trillion shadow finance industry and has recent

Troubled Chinese trust firm Zhongrong has lent money to several of the country's struggling property developers, the Financial Times reported on Sunday citing its analysis of legal and company filings.

The Financial Times report said links between Zhongrong and property developers have fuelled fears of spillover effects from a slowdown in the real estate sector.

 

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