Subscribe To
JP Morgan warning on China property sector developments: "may set off a vicious cycle"
JP Morgan analysts have warned that missed payments by a major Chinese shadow lender may trigger a "vicious cycle" for property developers' financing and more delinquencies for trust products. ITCMI, this is in relation to missed payments on multiple high-yield investment products:Three firms said late last Friday that they failed to receive payments on products issued by companies linked to Zhongzhi Enterprise Group, which has about one trillion yuan (S$187 billion) in assets under management.J...
Read More
Posted: Aug 15 2023, 00:30
Author Name: forexlive
Views: 022156