By tightening trust financing, the government wants to insure developers do not buy land at elevated prices. Photo: Reuters
China’s top property developers to get bigger amid tightened funding, with mid and small firms forced to sell assets to survive
- Two-thirds of China’s 100,000 property companies will vanish in about 10 years, economist says
- Tightened trust financing to hit medium-sized companies the most, brokerage says
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China property
By tightening trust financing, the government wants to insure developers do not buy land at elevated prices. Photo: Reuters