Huarong posts US$15.9b loss as leverage hit 1,333 times

BEIJING: China Huarong Asset Management Co.’s long-delayed 2020 results showed a record loss, with leverage hitting 1,333 times and capital buffers far short of the regulatory minimum, emphasizing the difficult task ahead for the bad-debt manager that recently secured a government bailout. Read full story

Source : https://www.thestar.com.my/business/business-news/2021/08/30/huarong-posts-us159b-loss-as-leverage-hit-1333-times