Indebted Chinese conglomerate HNA Group Co. has turned to using some of its most liquid and valuable assets to borrow more cash, after some of its traditional financing avenues have become too costly or difficult to pursue. The airlines-to-hotels group disclosed in a regulatory filing this week that it had lent out more than half its shares in one of China’s largest banks in exchange for a loan.

Source: Wall Street Journal December 22, 2017 11:11 UTC