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The CBIRC says that Huarong’s operations are normal and liquidity is ample
If you’re wondering what the deal on Huarong is, you can check out my post yesterday . As mentioned then, Chinese authorities are surely not going to let Huarong default/collapse considering its stature, and the latest statement above reaffirms that.
Search Web: China Banking and Insurance Regulatory Commission defends Huarong’s financial status
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