Property Bonds Plunge Most Since 2008 on Curbs

Property Bonds Plunge Most Since 2008 on Curbs

Qilai Shen/Bloomberg

A security guard stands outside East No. 1, Shimao Group residential development in Kunshan, China. China is reviewing loans to developers by trust companies, which have become a last resort for many borrowers after the central bank raised interest rates five times over the past year and curbed lending to property companies.