About 12 developers will be supported by banks and distressed debt managers in the first wave of the programme.
April 28, 2022Huarong will issue new shares to Citic Group, China Insurance Investment, China Life Asset Management, China Cinda Asset Management and Sino-Ocean Capital Holding.
August 19, 2021Hu Xiaogang, a former vice president of China Orient Asset Management, is under investigation for suspected corruption.
June 10, 2021Trust companies can transfer bad assets to the balance sheet of China Trust Protection Fund, which was set up in 2014 to provide liquidity support to the trust sector through loans.
May 14, 2021China Galaxy Asset Management will receive its licence within ten days, and proceed with the necessary procedures to open for business in early 2021.
December 21, 2020