May 18, 2021

Politics & News

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China Considers Supporting Huarong With Central Bank Funds

1 min read

(Bloomberg) — China is considering a plan that would see the central bank assume more than 100 billion yuan ($15 billion) of assets from China Huarong Asset Management Co., helping the state-owned company clean up its balance sheet and refocus on its core business of managing distressed debt, people familiar with the matter said.

Bloomberg News
2021-04-21 04:25:47

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