Why the World’s Biggest Property Company Is Bailing Out a Bank

  • 📰 WSJ
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

Heard on the Street: A deal by China’s top property developer signals further trouble in the Chinese banking system

Property developers need close relationships with banks—but not usually equity stakes in them. A bank investment by the world’s largest property company by assets hints at further trouble in the Chinese financial system.

China Evergrande Group, which has an enterprise value of roughly $134 billion—more than Western property giants Simon Property and Unibail-Rodamco-Westfield—said Thursday that it is putting 13.2 billion yuan into a small Chinese lender called Shengjing Bank, raising its stake to 36% from 17%....

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

体制的优势体现出来了……

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 98. in İD

Indonesia Berita Terbaru, Indonesia Berita utama