Bloomberg Television
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China Huarong Posts $15.9 Billion Record Loss
Posted
August 30, 2021
Views
13,764
Likes
158
Comments
29
Engagement
1.36%
August 30, 2021
13,764
158
29
1.36%
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2:33Now PlayingAug.29 -- China Huarong Asset Management Co.’s long-delayed 2020 results showed a record loss. The embattled bad-debt manager reported a 102.9 billion yuan ($15.9 billion) loss for all of last year, slashing its shareholder equity by nearly 85%. Stephen Engle reports on "Bloomberg Markets: Asia."
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