China's Zhongrong said to be exposed to struggling property developers

China's Zhongrong said to be exposed to struggling property developers

FILE PHOTO-The office building of Zhongrong International Trust, a trust company partially owned by Zhongzhi Enterprise Group, in Beijing, China August 22, 2023. REUTERS/Florence Lo/File Photo

Troubled Chinese trust firm Zhongrong has lent money to several of the country’s struggling property developers, the Financial Times reported on Sunday citing its analysis of legal and company filings.

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