China pushes embattled Huarong to sell non-core units, mulls implicit support

China pushes embattled Huarong to sell non-core units, mulls implicit support

Beijing, China. Photo: Raj Eiamworakul/ Unsplash

China is pushing China Huarong Asset Management Co to sell non-core assets, two people involved in the revamp told Reuters, while considering offering an implicit guarantee of the liabilities of the debt-laden bad-debt manager.