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 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
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
Zhou Xin
Opinion

Opinion

Zhou Xin

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 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
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
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Zhou Xin

Zhou Xin

Zhou Xin now leads the technology news team at the Post following stints as Political Economy Editor and Deputy China Editor. He has previously worked for Reuters and Bloomberg in Beijing.