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How China s Property Crisis Blew Up Bets That Couldn t Lose

One of China’s largest investment firms, Citic Trust, had a clear pitch to investors when it was aiming to raise $1.7 billion to fund property development in…

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China s Property Crisis Blew Up Investments That Couldn t Lose

Citic said its new fund was as safe as they come because it would invest in real estate. Then the developer defaulted and the projects stalled.

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How China s Property Crisis Blew Up Bets That Couldn t Lose

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Chinese Financial Conglomerate Zhongzhi Has a $31 Billion Problem

By Rebecca Feng China s Zhongzhi Enterprise Group has at least $31 billion more liabilities than assets and now faces significant going concern risks, it said in a letter to investors this. -November 23, 2023 at 05:46 am EST - MarketScreener

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