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CHINA: Huarong and Evergrande show Beijing’s pragmatic approach to moral hazard

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A group of state-owned financial institutions will recapitalize Huarong, the state-owned financial conglomerate that fell into distress after the ex- chairman was convicted of bribery and later executed. Though Huarong's exchange filing did not reveal details of the state bailout...

 

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CHINA: Huarong and Evergrande show Beijing’s pragmatic approach to moral hazard

A group of state-owned financial institutions will recapitalize Huarong, the state-owned financial conglomerate that fell into distress after the ex- chairman was convicted of