When the bailout isn’t enough
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
That’s gotta sting.
On Tuesday, China Huarong Asset Management warned that it will likely post a loss of RMB 18.9 billion for H1 2022.
Having made a RMB 103 billion loss in 2020, Huarong managed to eke out a profit last year.
The company posted a net profit of RMB 158 million in H1 2021, and RMB 37...