Latest news and articles about Non-performing Loans
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A private Jiangsu firm that stepped in to rescue an unfinished real estate project in Inner Mongolia is facing financial ruin after local courts issued conflicting rulings on the nature of its collateral. The legal dispute over 26 villas has become a landmark case illustrating the risks private 'White Knights' face when dealing with state-affiliated banks and inconsistent judicial interpretations in China's distressed property sector.
