SHANGHAI—Fundraising by Chinese property trust products tumbled over 40 percent in September from a month earlier, official Shanghai Securities News reported on Monday, as China Evergrande Group’s troubles further dampen investor appetite toward the struggling sector.
Newly-launched real estate trust products raised 16.2 billion yuan from investors in September, down 44.8 percent from the previous month, the newspaper said, citing data from investment advisory Usetrust. That follows a 24 percent decline in August, and a 25 percent fall in July.
