May 24th, 2021

Inside China Huarong’s Race to Prevent a Debt Disaster

The continuing silence from Chinese authorities on China Huarong Asset Management Co.’s plans to clean up its balance sheet is rattling local investors. Bloomberg’s Big Take looks at how handling the of Huarong will test China’s vast debt-ridden financial system, the banks and the investors caught in the middle. Bloomberg’s Rebecca Choong Wilkins reports on “Bloomberg Markets: China Open.” (Source: Bloomberg)