Wednesday, July 20, 2016

Amid power struggle, banks seek distance from Vanke's top shareholder -report

HONG KONG, July 20 (Reuters) - A complaint by China Vanke

to authorities over how its top shareholder, financial

conglomerate Baoneng, has financed purchases of stock in the

property developer has prompted banks to seek an exit out of the

funding arrangements, Chinese business magazine Caixin reported.

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