Sep 26, 2012 05:06 PM

Huarong Becomes JV ahead of Planned Listing

By staff reporters Zhang Yuzhe and Fu Tao

(Beijing) – China Huarong Asset Management Corp. has been transformed into a joint-venture in preparation for a public listing in a few years.

The restructured company is 1.94 percent owned by China's largest insurance provider, China Life Insurance (Group) Co. The rest is held by the Ministry of Finance, the ministry said on September 25.

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