A China Huarong building in Chongqing. One of the country's four largest buyers and sellers of soured loans, it raised its net profit 32.8 per cent to 11.12 billion yuan (US$12.92 billion) in the first six months. Photo: Imaginechina

‘Bad bank’ China Huarong sees interim profit soar 32.8pc

Ability to turn bad debt into profit improves, with especially strong performance from its distressed asset management and investment businesses

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A China Huarong building in Chongqing. One of the country's four largest buyers and sellers of soured loans, it raised its net profit 32.8 per cent to 11.12 billion yuan (US$12.92 billion) in the first six months. Photo: Imaginechina
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