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.
Cover Story: The Herculean Task of Bailing Out Huarong
2021年09月01日 16:27
T中
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
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