shadow banking


Higher funding costs plague China Evergrande's bid to shed debt

Higher funding costs plague China Evergrande's bid to shed debt

China Evergrande Group has taken to seeking loans at above-average interest rates in the shadow banking market, amid concern over its cash flow – which hints at an increasingly fraught effort to reduce the property sector's biggest debt.The developer, which owed a whopping 835.5 billion yuan – $125 billion – …

Continue reading