News

3Novices:China’s lending scrutiny spreads, catching asset buyer Sunac in its wake

Sun Hongbin, the Shanxi magnate who last week executed China’s largest real estate takeover, has found his Sunac China being caught in the wake of a spreading regulatory scrutiny of Chinese asset buyers, a day after his triumphant election to the board of Leshi Internet Information & Technology Corp.
The China Banking Regulatory Commission has verbally ordered commercial banks to examine their credit exposure to Sunac China, according to sources familiar with the matter. The order…
July 18, 2017 at 11:08AM http://ift.tt/2uu6hvd
#3Novices #News #OnlineMedia #China 3Novices China

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