Beijing’s crackdown on borrowing is starving companies of cash.
A prominent Chinese developer group, Guangzhou R&F Properties, is selling its property management unit to a competitor—and tried raising funds from its two major shareholders.
Beijing’s crackdown on borrowing is starving companies of cash.
A prominent Chinese developer group, Guangzhou R&F Properties, is selling its property management unit to a competitor—and tried raising funds from its two major shareholders.