Ping An’s Delayed Trust Repayment Shows Lingering Property Woes

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Ping An Trust fails to repay $107 million trust product, sues developerPing An Trust, a subsidiary of China's Ping An Insurance, has failed to repay a $107 million trust product on time, citing the property market crisis. It is now suing developer Zhenro Properties with which it invested the sum. This adds to signs of spreading stress in China's financial market.
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