China’s largest bad-debt manager Huarong posts a record US$15.9 billion loss, underscoring massive bailout ahead


A pedestrian walks past the China Huarong Tower, which houses the headquarters of China Huarong International Holdings in Hong Kong on Tuesday, April 13, 2021. Photo: Bloomberg


A pedestrian walks past the China Huarong Tower, which houses the headquarters of China Huarong International Holdings in Hong Kong on Tuesday, April 13, 2021. Photo: Bloomberg