Chinese asset manager Huarong plunges 50% as trading resumes
Beijing (AFP) Jan 5, 2022
Shares in China's state-owned debt collector Huarong Asset Management plummeted 50 percent on Wednesday as trading resumed in Hong Kong after a $6.6 billion state-orchestrated bailout of the embattled company. The company's Hong Kong-traded shares were suspended in April last year after it delayed its annual report, spooking Asian markets. When Huarong published its results in August, it
