China’s biggest debt manager, Huarong, has posted a record loss for last year of nearly $16 billion, with leverage hitting 1,333 times and capital buffers way below the regulatory minimum.
China Huarong Posts $15.9 Billion Loss
By NTD Newsroom
China’s biggest debt manager, Huarong, has posted a record loss for last year of nearly $16 billion, with leverage hitting 1,333 times and capital buffers way below the regulatory minimum.