China Banking and Insurance Regulatory Commission defends Huarong's financial status

Author: Justin Low | Category: News

The CBIRC says that Huarong's operations are normal and liquidity is ample

Huarong
If you're wondering what the deal on Huarong is, you can check out my post yesterday here. As mentioned then, Chinese authorities are surely not going to let Huarong default/collapse considering its stature, and the latest statement above reaffirms that.

This should help to calm further fears in the past week or so in Chinese markets.

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