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China Huarong Panic Eases After Government Breaks Silence

  • Financial regulator says bad-debt manager has ample liquidity
  • Dollar bond prices claw back from record lows, still below par
China Huarong’s Worsening Bond Rout Stokes Market Contagion
Photographer: Lam Yik/Bloomberg
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After two weeks of relentless losses, China Huarong Asset Management Co. bondholders are finally finding reasons for optimism.