China Builders Plunge in Hong Kong on Trust Financing Report

China Builders Plunge in Hong Kong on Trust Financing Report

Qilai Shen/Bloomberg

Deprived of bank loans by government policies, developers pay between 16 percent and 25 percent to borrow from trusts, an official at Beijing-based National Trust, who asked not to be identified as he isn’t authorized to speak to the media, said in May.