Deals
Chinese Dealmaker Raises Billions From Shadow Banks
- Conglomerate has tapped P2P platforms, trusts, asset managers
- The financing is more expensive than bank loans, bond issuance
A pedestrian walks past the HNA Group Co. building in Beijing.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Few companies have come to symbolize China’s global ambitions quite like HNA Group Co.
In just three years, the private conglomerate has invested at least $45 billion around the world.