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China Cinda sets up RMB 20 billion fund to rescue stalled property projects

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Three years into the property downturn, China’s asset management companies (AMCs) are still pumping cash to the embattled sector.
The latest: On Thursday, China Cinda – one of four major state-owned AMCs – said it had launched an RMB 20 billion fund to rescue real estate projects and developers in d...



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