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China's Very Bad Bank: Inside the Huarong Debt Debacle

China’s Very Bad Bank: Inside the Huarong Debt Debacle
Bloomberg
1 hr ago
Bloomberg News
(Bloomberg) It’s been 11 weeks since Lai Xiaomin, the man once known as the God of Wealth, was executed on a cold Friday morning in the Chinese city of Tianjin.
But his shadow still hangs over one of the most dramatic corruption stories ever to come out of China – a tale that has now set nerves on edge around the financial world.
At its center is China Huarong Asset Management Co., the state financial company that Lai lorded over until getting ensnared in a sweeping crackdown on corruption by China’s leader, Xi Jinping. ....

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China's Very Bad Bank: Inside the Huarong Debt Debacle

China's Very Bad Bank: Inside the Huarong Debt Debacle
bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.

New York , United States , New Zealand , Hong Kong , New Zealand General , Warburg Pincus , Shane Zhang , Lai Xiaomin , Feng Jianlin , Owen Gallimore , Morgan Stanley , Fitch Ratings , Bad Bank , Goldman Sachs Group Inc , Vanguard Group , People Court , Blackrock Inc , China Petroleum Chemical Corp , China Huarong Asset Management Co , Australia New Zealand Banking Group , Should Huarong , New Zealand Banking , China Petroleum , Road Initiative , Secondary Intermediate People , Thu Ha Chow ,