• Wed
  • Jul 30, 2014
  • Updated: 10:22pm

Cinda

Huarong split over investor plan ahead of Hong Kong IPO

Huarong, the biggest of the four funds the central government set up to remove an estimated 1.4 trillion yuan (HK$1.76 trillion) of bad loans from the top four state banks as they prepared for initial public offerings, has reportedly been looking to raise up to US$2 billion by selling a stake of 15 to 20 per cent.

Wednesday, 24 July, 2013, 7:46am