Huarong Asset Management, one of the country’s big four state-owned bad loan banks, has ordered a suspension of new lending to property giant Sunac China Holdings, as worries remain over high debt levels and the regulator’s intolerance to corporate leverage. Photo: Reuters

Huarong freezes new loans to developer Sunac

One of the nation’s most acquisitive developers now under the spotlight, as debt and leverage in the financial system comes under mounting regulatory scrutiny

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Huarong Asset Management, one of the country’s big four state-owned bad loan banks, has ordered a suspension of new lending to property giant Sunac China Holdings, as worries remain over high debt levels and the regulator’s intolerance to corporate leverage. Photo: Reuters
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