Home Business China plans to set up real estate fund worth up to $44 bln -source

China plans to set up real estate fund worth up to $44 bln -source

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BEIJING/HONG KONG — China will set up a real estate fund to help developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44.4 billion), according to a state bank official with direct knowledge of the matter. Read More



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