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China Huarong to Buy Stake in Citic for Over $1 7 Billion

By P.R. Venkat State-owned China Huarong Asset Management has agreed to buy a minority stake in another state-run conglomerate, Citic Ltd., for 13.63 billion Hong Kong dollars . Huarong.

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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 Asset Management Shares Soar on Citic Stake Buy

By Sherry Qin Shares in China Huarong Asset Management rose sharply after the company agreed to buy a minority stake in Chinese state-run conglomerate Citic.

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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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China Huarong Buys 5% Stake in Citic, Plans Name Change

China Huarong Buys 5% Stake in Citic, Plans Name Change
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