How ‘Bad Bank’ China Huarong Tested Too Big to Fail: QuickTake

China Huarong didn’t launch its 2020 monetary studies by a March 31 deadline, which prompted a buying and selling halt in its shares and structured merchandise in Hong Kong. Experiences emerged, throughout weeks of near-silence from officialdom, of a possible restructuring or default. Bondholders, panicked concerning the prospect of shedding cash on their investments, confused by conflicting studies and working in an data vacuum, spurred wild swings within the agency’s offshore and and native bonds. Lastly, in mid-August the corporate posted a file $15.9 billion loss for 2020 and stated government-backed traders would step in to replenish its capital.  

https://www.washingtonpost.com/enterprise/how-bad-bank-china-huarong-tested-too-big-to-fail-quicktake/2021/08/19/bbcdc96c-00c0-11ec-87e0-7e07bd9ce270_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business | How ‘Dangerous Financial institution’ China Huarong Examined Too Massive to Fail: QuickTake

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