China's state-owned asset manager Huarong secures $6.5b investment

China's state-owned asset manager Huarong secures $6.5b investment

Shanghai, China. Photo by Liam Li on Unsplash

Chinese state-owned asset manager China Huarong Asset Management said on Wednesday it will receive fresh capital worth 42 billion yuan ($6.59 billion) from a state consortium led by Citic Group as part of a restructuring plan.

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