Troubled China Huarong Asset Management Could Find a Home in Central Huijin
Posted on 04/14/2021
The Ministry of Finance of China is thinking about moving its stake in China Huarong Asset Management Co. to Central Huijin Investment Ltd., which is a unit of the China Investment Corporation (CIC). The transfer would require approval from China’s State Council. China Huarong Asset Management is the country’s largest distressed asset manager and as […]
