You have searched for "Lai Xiaomin"
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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.
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.
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.
BEIJING: China Huarong Asset Management Co.’s long-delayed 2020 results showed a record loss, with leverage hitting 1,333 times and capital buffers far short of the regulatory minimum, emphasizing the difficult task ahead for the bad-debt manager that recently secured a government bailout.