Shares jump 10% in Shenzhen on news of framework debt deal signed by parent Yango Longjing

Wang Zhanfeng heads up state-owned China Orient Asset Management, another ‘Big Four’ AMC

While bad-debt manager remains a state-owned financial institution, the move leaves it one step removed from direct government control

The state-owned bad-debt manager roiled Asian credit markets last year as it failed to release its annual report on time, eventually revealing a massive loss for 2020

How the former chief of Taiping Insurance wove a web of shady deals and came under investigation by graft busters

Fund with 18 shareholding companies has $2.32 billion of registered capital and plans to inject cash into the scandal-plagued bad-debt manager

State-owned insurer would control a 2.44% stake once a 42 billion yuan share sale is completed

The Ministry of Finance intends to transfer part of its holdings in the troubled bad-debt manager to Citic in the next few years, sources say

Huarong gets the green light to sell bonds to raise as much as $10.97 billion. Beijing will limit domestic flights from regions with Covid-19 cases

Fundraising will help replenish the distressed-asset manager’s balance sheet which is weighed down by 1 trillion yuan of debt

Shareholders back recovery plan after August announcement of Citic-led rescue for debt-laden state-owned asset manager

Restructuring of HNA and Huarong could offer insights into what’s in store for embattled property developer

The lack of any announcement concerning an $83.5 million interest payment due Thursday adds to the uncertainty surrounding the debt-ridden developer’s struggles

Scandal-plagued bad-debt manager moves to speed up revitalization and restructuring following announcement of rescue plan led by Citic

The undeveloped plot of land bought by the state-owned bad-asset manager is now worth about one-third what it paid, underscoring its woeful history of bribery-fueled investments

China’s second-biggest financial holding company is leading a bid to pull bad bank back from the brink

As the scandal-plagued bad asset manager reports $15.9 billion of red ink for 2020, it may have to raise almost that much from investors and asset sales

Rating giant keeps troubled enterprise on further credit cut watch citing deterioration of capital and profitability amid uncertainty over central government backing

State-owned asset management giant plans to bring strategic investors on board

The embattled company says it’s ‘diligently’ repaying debt amid rising concerns about its financial health