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Trust companies withdraw real estate financing products amid tightening scrutiny

Trust companies have started to withdraw their products raising funds for real estate investment after the authorities tightened scrutiny on lending to the real estate sector in a move to prevent the property market from overheating.

Everbright Trust, a leading Chinese  trust company, said that it would pull back products that was launched to raise funds for real estate investment and all investors involved will be refunded, according to its statement on Thursday.

On the same day, Citic Trust Co . . .

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