China Galaxy Securities office building in Beijing on May 7, 2013. Photo: CHINA OUT/AFP China Galaxy Securities office building in Beijing on May 7, 2013. Photo: CHINA OUT/AFP
China Galaxy Securities office building in Beijing on May 7, 2013. Photo: CHINA OUT/AFP

China adds a fifth bad-debt manager to prepare for decade-high dud loans as Covid-19 weighs on banks and borrowers

  • China’s banking and insurance regulator approves China Galaxy Asset Management as the country’s fifth national AMC
  • China Galaxy Asset is headquartered in Beijing, with China Galaxy Financial Holdings and Central China Huijin Investment being the biggest shareholders

Topic |   Banking & Finance
China Galaxy Securities office building in Beijing on May 7, 2013. Photo: CHINA OUT/AFP China Galaxy Securities office building in Beijing on May 7, 2013. Photo: CHINA OUT/AFP
China Galaxy Securities office building in Beijing on May 7, 2013. Photo: CHINA OUT/AFP
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