Huarong’s client list offers a glimpse into the murky workings of the country’s financing, where non-bank institutions step in to provide funding when stringent bank guidelines fail. Photo: Reuters
Huarong’s client list offers a glimpse into the murky workings of the country’s financing, where non-bank institutions step in to provide funding when stringent bank guidelines fail. Photo: Reuters

exclusive | Huarong’s client list offers a peek into how China’s financial ‘crocs and rhinos’ fund their forays

Five of its 18 biggest clients among China’s largest corporates, but there’s also troubled Hanergy and Dandong Port, and a Cayman Isles-registered private property agent

Huarong’s client list offers a glimpse into the murky workings of the country’s financing, where non-bank institutions step in to provide funding when stringent bank guidelines fail. Photo: Reuters
Huarong’s client list offers a glimpse into the murky workings of the country’s financing, where non-bank institutions step in to provide funding when stringent bank guidelines fail. Photo: Reuters
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