Auditors of China Huarong Asset Management are still trying to produce an annual report for the company, and it is creating uneasiness in the bond market. Photo: Reuters
Opinion
Opinion
For Huarong, China’s biggest bad bank, it’s bailout or bust
- If Chinese authorities opt not to save China Huarong Asset Management, it could trigger a chain reaction of financial risks
- Huarong’s situation shows that there are many financial holes to be filled, and China still has a long way to go to minimise risks
Auditors of China Huarong Asset Management are still trying to produce an annual report for the company, and it is creating uneasiness in the bond market. Photo: Reuters
