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Shimao Group One of China’s healthiest real estate developers has reportedly defaulted

 Shimao Group shares briefly plunged more than 17% Friday after Reuters reported the property developer failed to make full repayment on a trust loan.

Nomura has estimated Chinese developers face $19.8 billion in maturing offshore, U.S.-dollar denominated bonds in the first quarter, and $18.5 billion in the second.

CNBC 7 January 2022


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