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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/Bloomberg
Updated on

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.