Huarong drama: Inside the race to avert disaster at China’s biggest ‘bad bank’
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The China Huarong Asset Management Co. headquarters in Beijing | BLOOMBERG
Bloomberg
May 24, 2021
It was past 9 p.m. on Financial Street in Beijing by the time the figure inside Huarong Tower picked up an inkbrush and, with practiced strokes, began to set characters to paper.
Another trying workday was ending for Wang Zhanfeng, corporate chairman, Chinese Communist Party functionary — and, less happily, replacement for a man who very recently had been executed.