China Huarong in Talks with Potential Strategic Investors

Management of China Huarong Asset Management, said on an earnings call Aug. 30, that Huarong is also in talks with other potential strategic investors, including Chinese and foreign firms, who had shown interests in investing in the company and joining CITIC, China Insurance Investment, China Life, Cinda, Sino-Ocean as its strategic investors. Of the dozens of earnings calls our Asia Core Credit team has covered this season, the Huarong call was noteworthy due to the topical nature of the controversial credit. Click through to read the full story.