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China Huarong Asset Management Co. (2799.HK)
18-04-2018, 02:05 PM.
Post: #1
China Huarong Asset Management Co. (2799.HK)
Huarong Asset Chairman Lai Xiaomin Faces Corruption Probe

Bloomberg News
April 18, 2018, 10:33 AM GMT+8 Updated on April 18, 2018, 1:55 PM GMT+8

China Huarong Asset Management Co. Chairman Lai Xiaomin is under investigation for graft, as the government’s anti-corruption campaign spreads deeper into the finance industry.

Shares in the state-controlled asset manager were suspended from trading in Hong Kong Wednesday. The spread on the company’s 2027 dollar bond reached 190 basis points, the widest since its issue in October.

Lai is under investigation for alleged disciplinary and legal violations, the Central Commission for Discipline Inspection said in a statement. That language is typically used by Chinese courts in corruption cases.

More details in https://www.bloomberg.com/news/articles/...tion-probe
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Specuvestor: Asset - Business - Structure.

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26-04-2018, 06:25 PM.
Post: #2
RE: China Huarong Asset Management Co. (2799.HK)
Huarong’s client list offers a peek into how China’s financial ‘crocs and rhinos’ fund their forays
Five of its 18 biggest clients among China’s largest corporates, but there’s also troubled Hanergy and Dandong Port, and a Cayman Isles-registered private property agent

Xie Yu
PUBLISHED : Thursday, 26 April, 2018, 7:01am
UPDATED : Thursday, 26 April, 2018, 2:17pm

China Huarong Asset Management, the mainland’s largest bad-debt manager, has been active in funding the country’s biggest corporate borrowers, including a number of companies and individuals firmly under the regulatory spotlight, according to a list circulated following the detention of its chairman last week for suspected graft.

The line-up is a venerable Who’s Who of China’s biggest corporate borrowers, but also offers an intriguing glimpse into the murky workings of some of the country’s financing, when non-bank institutions have stepped into provide funding when stringent lending guidelines fail.

Established in 1999 to manage the bad loans of state-owned banks, Huarong has transformed itself into a financier active in lending through a variety of financial products, thanks to strong levels state credit and a powerful portfolio of financial service licenses.

Five of its 18 biggest clients were among China’s largest corporate borrowers. These include HNA Group, the energy and financial conglomerate CEFC China Group, Huishan Dairy, Hanergy Thin Film Power Group, and Dandong Port Group, according to a list seen by the South China Morning Post.

More details in http://www.scmp.com/business/companies/a...-corporate
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Specuvestor: Asset - Business - Structure.

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27-10-2018, 01:13 PM.
Post: #3
RE: China Huarong Asset Management Co. (2799.HK)
It seems to be one of the 26 stocks - not to suitable for valuebuddies. See the list at 19 Oct 2018 , posted on David Webb's website .

https://webb-site.com/articles/huarongcmb.asp

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