‘Courageous’ China May Impose Losses On Huarong Bondholders: NYT

‘Courageous’ China May Impose Losses On Huarong Bondholders: NYT

When last I checked on the Huarong debacle, reports indicated the PBoC was set to take on some 100 billion yuan of assets from the state-linked bad debt manager, as officials worked to defuse the bomb at the heart of China's latest credit scare. Other ideas included transferring the Finance Ministry’s stake in Huarong to Huijin, which operates within the sovereign wealth fund and is overseen directly by the State Council. Market participants were obsessed with the Huarong saga for about two
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