China considering supporting Huarong with central bank funds — sources

China considering supporting Huarong with central bank funds — sources

The Edge Markets - World·2021-04-22 05:09

(April 21): 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.

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