China Huarong Asset Management, one of the country’s big four state-owned bad loan banks, has ordered a suspension of new lending to property giant Sunac China Holdings, as worries remain over high debt levels and the regulator’s intolerance to high corporate leverage.
Huarong’s risk department ordered a suspension of any new loans to Hong Kong listed property firm Sunac that haven’t already been signed, Bloomberg reported on Tuesday night citing an internal email….
Source : South China Morning Post
Read more…Huarong freezes new loans to developer Sunac















