News China03 Dec 2021

18 insurance-related institutions form private equity venture to recapitalise Huarong

| 03 Dec 2021

Eighteen strategic investors in the financially beleaguered state-owned Huarong Asset Management Co have established Zhongbaorongxin Private Equity Fund Co Ltd in the Shanghai Free Trade Zone, with a registered capital of CNY14.8bn ($2.3bn).

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