Huarong’s Fate May Rest With Xi Confidant Who Loathes Bailouts

About This Source - Bloomberg Markets and Finance

Bloomberg Markets and Finance features news about financial markets from around the world. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Bloomberg Books #Ad

Recent from Bloomberg Markets and Finance:

  • Wall Street Week – Full Show (06/18/2021)
  • ‘Bloomberg Surveillance’ Full Show (06/18/2021)
  • Risk Factors in the U.S. Economy
  • Bloomberg Markets and Finance published this video item, entitled “Huarong’s Fate May Rest With Xi Confidant Who Loathes Bailouts” – below is their description.

    May.05 — The controversy surrounding China Huarong Asset Management Co. is being felt across the financial sector with the nation’s banking and insurance stocks lagging the country index by the most in three months. The fate of the troubled asset manager may now rest with the country’s vice premier who is said to loathe bailouts. Bloomberg’s Tom Hancock reports on “Bloomberg Markets: China Open.”

    Bloomberg Markets and Finance YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: China

    China is the third largest country in the world by area and the largest country in the world by population. Properly known as the People’s Republic of China, the political territory of the country includes the former nations of Tibet and Hong Kong. The capital is Beijing.

    7 Recent Items: China

  • Is there a night shift in the space station?
  • US boosts bid to counter China’s near monopoly of rare minerals
  • US boosts bid to counter China’s near monopoly of rare minerals
  • How does China plan to break new ground in diplomacy?
  • SIFF2021: A day in the life-acting class
  • China’s most advanced J-20 stealth fighters commissioned in PLA Air Force
  • Wandering Asian elephants continue to stay in Yuxi City
  • Leave a Comment