Property News · October 4, 2016

Tongkong Investment relies on group strength for survival as real estate financing sector toughens


Zhang Baoguo, the chairman of Tongkong Investment Group, is predicting that only private equity (PE) firms with strong parent companies and distinctive niche markets will be able to survive the downturn in China’s real estate financing industry.
Under the government’s directive to curb China’s property market, domestic banks shut their doors to medium and small-sized developers from 2010-11, creating a lucrative industry for non-bank financial institutions such as trusts,…

Source : South China Morning Post
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