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Business 08 Nov 2018 | 12:00 AM

Former chairman of bad-debt manager China Huarong arrested

SHANGHAI: Chinese authorities arrested Lai Xiaomin, who once oversaw more than US$280bil in assets in his role as chairman of China Huarong Asset Management Co.

Corporate News 18 Apr 2018 | 2:56 AM

China Huarong shares halted as chairman investigated for suspected graft

HONG KONG: Trading in shares of China Huarong Asset Management Co Ltd and two of its units were suspended on Wednesday after Beijing said it was investigating the chairman of the country's biggest manager of distressed assets for suspected graft.

Corporate News 19 Apr 2018 | 12:00 AM

Senior bank regulatory official to helm China Huarong

BEIJING: China Huarong Asset Management Co Ltd is set to be helmed by a senior bank regulatory official, who will replace the current chairman under investigation for alleged corruption, sources said.

Business 20 Nov 2007 | 12:00 AM

‘Guidance’ for Chinese banks

China's banking regulator said it is giving 'guidance'' to banks to cool lending that has already topped its goal of 15% growth this year and threatens to overheat the world's fastest growing major economy.