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Chinese Bad-Debt Manager Huarong Downgraded to Junk by Moody s

Chinese Bad-Debt Manager Huarong Downgraded to Junk by Moody s
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Huarong Sends $1 7 Billion Back to Citic After Asset Sales

(Bloomberg) China Huarong Asset Management Co. returned almost $2 billion back to Citic Group, in a sign of closer ties after the financial conglomerate led a bailout of the bad debt manager two years ago. Most Read from BloombergBiden, Xi Declare Progress After Concluding Four-Hour SummitIsrael Latest: Biden Defends Hospital Raid, Says Hamas UnbowedTrudeau Faces Calls to Exit With His Party Trailing in PollsSpaceX Weighs Spinning Off Starlink Via IPO as Soon as 2024Rolex, Patek Prices Hit Fr

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China Huarong Buys 5% Stake in Citic for $1 74 Billion

China Huarong Buys 5% Stake in Citic for $1 74 Billion
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Huarong Unit Wires Funds for Maturing $78 Million Local Bond

(Bloomberg) A unit of China Huarong Asset Management Co. has transferred funds to repay a 500 million yuan ($78 million) local bond maturing Sunday, according to people familiar with the matter. The local asset management company wired funds for the principal and interest of the 4.

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China Huarong Seeks to Reassure Investors That It Can Repay Debt

China Huarong Seeks to Reassure Investors That It Can Repay Debt
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