Chinese trust companies' lending to the real estate sector declined in the third quarter from the preceding three months, marking the first quarterly drop since the fourth quarter of 2015, amid tightening scrutiny on homebuilders' financing.
Trust companies' lending to the real estate developers fell 5.05 per cent, or 148 billion yuan in the third quarter from the previous three months to 2.78 trillion yuan, according to a report published by China Trustee Association (CTA . . .
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