China Huarong Gets State-Led Bailout

Aug.18 -- China Huarong Asset Management Co.’s bonds are recovering after a rescue package was unveiled on Wednesday. State-backed investors will recapitalize the bad-debt manager, ending months of speculation over whether Beijing would deem the company too big to fail. Bloomberg’s Rebecca Choong Wilkins reports on “Bloomberg Daybreak: Asia.”

Comments / 0

Published by

Bloomberg from Video Elephant

11371 followers

More from Bloomberg Videos (VE)

Comments / 0