Developers have resorted to creative financing schemes to skirt regulators’ curb on lending to purchase land sites, including tapping on the country’s shadow banking system. Photo: Reuters

Are developers ending their affairs with China’s shadow banking system?

“Debt disguised as equity investment” loophole has been widely used by banks to skirt regulations

Topic |   China property

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Developers have resorted to creative financing schemes to skirt regulators’ curb on lending to purchase land sites, including tapping on the country’s shadow banking system. Photo: Reuters
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