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China Huarong’s worsening bond rout stokes market contagion Richard Frost and Rebecca Choong Wilkins Apr 13, 2021 – 3.59pm Save Share Hong Kong | Growing panic over the financial health of one of China’s largest bad-debt managers spilt into the broader market, as traders circulated a Caixin report that openly considered the worst scenario for the company. China Huarong Asset Management’s $US300 million 3.375 per cent bond due May 2022 tumbled 13.1¢ on the dollar to 76.1¢, while a 5 per cent bond maturing in 2025 fell 9.9¢ to 79.5¢, Bloomberg-compiled prices show. Lai Xiaomin, former head of China Huarong Asset Management in court this year. He was sentenced to death. 

Chang wei liangNew zealandHong kongLai xiaominOwen gallimoreHuarong internationalAustralia new zealand banking groupNew zealand bankingChina huarongசாங் வெய் லியாங்புதியது ஜீலாந்துஹாங் காங்ஓவந் கல்லிமோர்ஆஸ்திரேலியா புதியது ஜீலாந்து வங்கி குழுபுதியது ஜீலாந்து வங்கி