Bai Tianhui used his influence at the state-owned bad-debt manager to help companies acquire projects and financing

The asset manager announces it will buy a 5% stake in one of the financial conglomerate’s subsidiaries at a 29% premium

Red ink reflects restructuring amid government bailout as well as falling asset values from capital market volatility and real estate slump

The debt-stricken state-owned asset manager is in the midst of a restructuring that involves offloading some of its subsidiaries to raise money

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