A CEFC logo at CEFC China Energy's Shanghai headquarter on September 14, 2016. Photo: REUTERS/Aizhu Chen

China’s largest private oil group was scrambling for loans even as authorities were swooping in

CEFC has approached several non-traditional financial institutions, and sought out loans with higher-than-market rates to refinance its acquisitions

Topic |   Banking & Finance

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A CEFC logo at CEFC China Energy's Shanghai headquarter on September 14, 2016. Photo: REUTERS/Aizhu Chen
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