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Cover Story: The Herculean Task of Bailing Out Huarong

2021年09月01日 16:27 来源于 财新网
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As the scandal-plagued bad asset manager reports $15.9 billion of red ink for 2020, it may have to raise almost that much from investors and asset sales

As China Huarong Asset Management Co. Ltd. belatedly confirmed the vast amount of red ink it spilled last year, the Herculean scope of the government-led rescue is becoming clear — with billions of dollars in offshore bonds and domestic debt at stake.

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