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Cash-strapped developers rushing to trust loans

Chinese real estate developers have been placed under significant financing pressure after the authority imposed restrictions on the sector's fundraising. Now, many of them are turning to trust loans.

In just four days, four property developers secured as much as 50 billion yuan credit lines from trust companies.

On 21st November, Zhengrong Real Estate Holdings Co. Ltd signed a strategic cooperation agreement with China Industrial International Trust which will provide 10 billion credit line to the developer.

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