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How China’s “Bad Bank” Went From Safe Haven to Risky Bet

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The Chinese government intended Huarong Asset Management to be a janitor that cleaned up toxic debt. But following the bribery conviction and execution of its former chairman, things went from bad to worse.

Read more about Huarong and its connection to the Chinese government in reporting by Bloomberg's Rebecca Choong Wilkins: https://www.bloomberg.com/authors/AT8YdRfOdJk/rebecca-choong-wilkins

#Storylines #China #BloombergQuicktake

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