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China Bad Debt Managers See Earnings Tank on Property Losses

Leonardo Rasaki 3 weeks ago

(Bloomberg) — China Huarong Asset Management Co. and China Cinda Asset Management Co., the nation’s two largest state-owned distressed debt funds, reported a slump in first-half earnings as credit impairments surged on a deepening property crisis. Most Read from Bloomberg Net income for the first six months at Cinda dropped […]

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