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    China Huarong Asset Management Co Ltd

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    • Friday, 17 March, 2023
      Deloitte & Touche LLP (United States)
      China suspends Deloitte’s Beijing office over Huarong audit ‘deficiencies’

      Finance ministry says accounting firm failed to assess asset quality of bad-debt manager

      The Huarong headquarters in Beijing
    • Wednesday, 17 August, 2022
      China’s Huarong issues profit warning on property sector woes

      Downturn for developers stymies recovery at biggest bad debt bank despite $6.6bn state-led bailout

      The logo of China Huarong Asset Management on its office in Beijing
    • Friday, 5 August, 2022
      News in-depthChinese business & finance
      ‘Financial monsters’: China’s bad banks complicate property crisis

      Distressed asset management companies highlight the challenge Beijing faces in mobilising rescue options

      Workers leave an Evergrande residential development in Beijing in July
    • Wednesday, 5 January, 2022
      Evergrande Real Estate Group
      Evergrande to meet onshore bondholders in bid to delay payments

      Indebted Chinese property group seeks reprieve as it tries to finish construction projects

      Police stand guard outside Evergrande’s offices in Guangzhou, as protesters gathered to seek unpaid payments
    • Wednesday, 5 January, 2022
      Inside BusinessThomas Hale
      Huarong debt saga shows Beijing’s continued influence on markets

      Chinese government will still temper market forces in distressed-asset situations

      The logo of China Huarong at its office in Beijing, China
    • Monday, 30 August, 2021
      Evergrande Real Estate Group
      Investors shun Chinese high-yield debt after Evergrande shock

      Bailout of Huarong Asset Management fails to calm bond market nerves

      A woman walks past a property advertisement for Emerald Bay by China Evergrande in Hong Kong
    • Sunday, 29 August, 2021
      Huarong finally releases report that stirred debate on financial failure

      China’s biggest bad debt manager confirms plans for bailout from state-backed groups

      A woman cycles past Huarong’s headquarters in Beijing
    • Thursday, 19 August, 2021
      China’s Huarong to receive state-backed rescue as it unveils $16bn loss

      Investors back country’s biggest manager of bad debts prompting rally in company’s bonds

    • Sunday, 27 June, 2021
      News in-depth
      Pressure builds to resolve fate of Chinese bad debt manager Huarong

      The state-owned group’s aggressive overseas expansion carries echoes of China’s private conglomerates

    • Wednesday, 9 June, 2021
      LexChinese business & finance
      Huarong/Great Wall: Chinese debt manager, heal thyself Premium content

      Contagion across a swath of country’s business is a real risk

      Huarong logo in Beijing
    • Wednesday, 19 May, 2021
      Brooke Masters
      Huarong’s woes are a warning to lazy investors

      Beijing’s drive for efficient markets means that corporate fundamentals now matter more

    • Thursday, 13 May, 2021
      News in-depthChinese business & finance
      Chinese companies’ dollar bonds hit as Beijing tightens credit

      Concerns grow among offshore investors as more than $100bn in debts due this year

      An apartment compound developed by China Fortune in Hebei province
    • Tuesday, 27 April, 2021
      China’s Huarong suffers first debt downgrade after bond sell-off

      Fitch cuts rating after state-backed investor misses a second annual results deadline

    • Thursday, 22 April, 2021
      FT News Briefing podcast9 min listen
      US emissions reduction plan, Huarong debacle tests Beijing

      Joe Biden is to unveil the country’s deepest ever greenhouse gas reductions

    • Wednesday, 21 April, 2021
      Huarong debacle tests Beijing’s resolve to bail out state groups

      Former chair of asset manager that owes $22bn to foreign investors was executed in January

      Picture of Lai Xiaomin
    • Thursday, 15 April, 2021
      Chinese ratings group cuts Huarong outlook to ‘negative’ as bonds slide

      Concerns swirl over the quality of the distressed debt manager’s assets

    • Tuesday, 13 April, 2021
      Lex
      China bonds/Huarong: debt manager heal thyself Premium content

      Unless the Chinese government intervenes, the sell-off is set to widen

      A picture of signage on the China Huarong Tower in Hong Kong
    • Tuesday, 13 April, 2021
      Chinese business & finance
      Bonds of China’s largest bad debt investor plunge to record low

      Concerns grow over assets linked to executed former chair of state-owned group

    • Friday, 29 January, 2021
      Chinese politics & policy
      China executes former asset management chief for corruption

      Lai Xiaomin was found guilty of taking $280m worth of bribes over 10 years

    • Tuesday, 5 January, 2021
      Chinese corruption
      Ex-chairman of China’s Huarong Asset Management sentenced to death

      Lai Xiaomin found guilty of taking bribes totalling $279m, other acts of corruption and bigamy

      Video footage of Lai Xiaomin, former chairman of Huarong Asset Management (centre), in court in Tianjin, China, on Tuesday
    • Wednesday, 28 November, 2018
      Inside BusinessTom Mitchell
      China’s state-owned companies are run for-party, not for-profit

      Huarong’s move to erase memory of its disgraced chairman shows pitfalls for investors

      FILE PHOTO - Logos of China Huarong Asset Management Co are seen during a finance expo in Beijing, China October 30, 2014. China Daily via REUTERS/File Photo ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. CHINA OUT. NO COMMERCIAL OR EDITORIAL SALES IN CHINA
    • Thursday, 22 November, 2018
      China Huarong seeks to erase name of former chairman

      Offer to swap share certificates bearing Lai’s signature after his arrest on corruption charges

      Lai Xiaomin, chairman of China Huarong Asset Management Co., speaks during the Boao Forum for Asia Financial Cooperation Conference in Hong Kong, China, on Tuesday, July 5, 2016. China's monetary policy is loose and funds to companies are still tight, Lai said. Photographer: Anthony Kwan/Bloomberg
    • Wednesday, 7 November, 2018
      Former China Huarong chief arrested as risks build offshore

      Lai Xiaomin’s downfall comes as Beijing cracks down on ‘bad banks’

      Lai Xiaomin, chairman of China Huarong Asset Management Co., speaks during a session at the the Lujiazui Forum in Shanghai, China, on Friday, June 28, 2013. The forum, titled "New Vision for Financial Reform and Opening Up", is held through June 29. Photographer: Tomohiro Ohsumi/Bloomberg
    • Sunday, 21 October, 2018
      LexBanks
      China debt problem: loan lark Premium content

      Funding from questionable provenance is all too common

      FILE PHOTO - Logos of China Huarong Asset Management Co are seen during a finance expo in Beijing, China October 30, 2014. China Daily via REUTERS/File Photo ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. CHINA OUT. NO COMMERCIAL OR EDITORIAL SALES IN CHINA
    • Friday, 19 October, 2018
      Asia-Pacific companies
      China companies tumble on report revealing Huarong crossholdings

      Activist investor details relationships among 26 entities linked to bad debt manager

      Lai Xiaomin, chairman of China Huarong Asset Management Co., speaks during the Boao Forum for Asia Financial Cooperation Conference in Hong Kong, China, on Tuesday, July 5, 2016. China's monetary policy is loose and funds to companies are still tight, Lai said. Photographer: Anthony Kwan/Bloomberg
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