China bad debt managers see earnings tank on deepening property losses - Business Standard
Chinas distresseddebt managers have been in turmoil as aggressive lending to embattled developers and unchecked expansion into other areas has beset the 730 billion funds with heavy credit losses
China Huarong Asset Management Co. and China Cinda Asset Management Co., the nation’s two largest state-owned distressed debt funds, reported a slump in first-half earnings as credit impairments surg… [+4301 chars]
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