Bloomberg Television
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Huarong’s Fate May Rest With Xi Confidant Who Loathes Bailouts
Posted
May 6, 2021
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1,695
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May 6, 2021
1,695
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3:06Now PlayingMay.05 -- The controversy surrounding China Huarong Asset Management Co. is being felt across the financial sector with the nation’s banking and insurance stocks lagging the country index by the most in three months. The fate of the troubled asset manager may now rest with the country’s vice premier who is said to loathe bailouts. Bloomberg’s Tom Hancock reports on “Bloomberg Markets: China Open.”
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