China regulator says Huarong operations are normal, has ample liquidity

//China regulator says Huarong operations are normal, has ample liquidity

China regulator says Huarong operations are normal, has ample liquidity

China’s financial regulator said operations at China Huarong Asset Management are normal and the company has ample liquidity, marking the first outright comments seeking to ease investor concerns over the financial health of the nation’s largest distress-loan manager.The company is actively cooperating with its auditor and will complete its annual report as soon as possible, the China Banking and Insurance Regulatory Commission said in a statement on its official WeChat account.Silence from…

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By | 2021-04-16T10:15:09+00:00 April 16th, 2021|Business|Comments Off on China regulator says Huarong operations are normal, has ample liquidity