×

What are you searching for?




Business

4 Min read

CBIRC ASKS CHINESE BANKS NOT TO WITHHOLD LOANS TO HUARONG

Published On 16 Apr 2021 03:02 PM


SHARE THIS ARTICLE  


Highlights –

  • CBIRC asks Chinese banks not to withhold loans to Huarong.
  • Huarong is reportedly one of China's four biggest distressed asset management companies.
  • Huarong and its subsidiaries reportedly have outstanding offshore bonds worth $22.39 billion.
  • Huarong currently is troubled by an offshore bond selloff and a suspension in its shares.

Source....


Tags : CHINA HUARONG ASSET MANAGEMENT CO., CBIRC, CHINA BANKING AND INSURANCE REGULATORY COMMISSION, CHINESE BANKS, CHINA MINISTRY OF FINANCE,
SHARE THIS ARTICLE  

Leave a comment 

comments (0)