China Huarong Asset Management
Local bond market’s problems heighten Chinese banks' credit risks
Local bond market’s problems heighten Chinese banks' credit risks
The bond market’s repayment woes may force banks to make concessions for the sake of financial stability.
China’s Huarong likely to receive extraordinary government support: S&P
This also bodes well for its overseas bond issuer Huarong International.
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They are struggling because their pricing strategy is not transparent and too reactive.
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