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Debt-laden property developer China Evergrande Group says it will sell 1.75 billion non-publicly traded domestic shares in Shengjing Bank, a regional bank, to a state-owned company for 9.99 billion yuan ($1.5 billion). ....
Pendanaan tersebut digulirkan melalui reverse repurchase agreements atau reverse repo yang menghasilkan suntikan bersih senilai 90 miliar yuan (US$13,9 miliar). ....
In a year marked by defaults, the potential collapse of China’s second largest property developer offers insight into Beijing’s changing attitude on bailouts and financial risk. ....