Search For "huarong"
Chinese economy may face trouble as corporate debt levels surge to a new h
Updated : 9 months, 2 weeks ago IST
Beijing [China], September 11 (ANI): Chinese economy may face trouble as the corporate debt levels have risen to a new high in the country and have the potential to destabilise the economy, a media report said on Friday.
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Once a sprawling conglomerate, China's biggest 'bad bank' stumbling with m
Updated : 1 year, 1 month ago IST
Hong Kong, May 19 (ANI): Once a sprawling Chinese financial conglomerate that had the trust of foreign investors -- Huarong -- is now under more than USD 40 million debt to domestic and overseas investors and is even showing signs of stumbling.
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China banks' profit revival falters as lenders sucked in bad debt provisio
Updated : 1 year, 1 month ago IST
Hong Kong, May 11 (ANI): China banks' profit revival falters as country's largest lenders get sucked into further support for ailing parts of the economy and struggling state-owned companies (bad debts), despite a broad recovery from the coronavirus pandemic.
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