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Chinese developers set up funds amid cash shortage

Posted on 21 March 2012

Chinese developers are setting up property funds to diversify their sources of revenue as government real-estate curbs have led to a cash shortage.
Fosun International Ltd., a Shanghai-based company with interests in property, retail, mining and pharmaceuticals, is raising money for the second phase of a property fund after getting 3.7 billion yuan ($585 million) for the first, Co- President Fan Wei said……………………………………….Full Article: Source


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