|Bid||1.390 x 0|
|Ask||1.400 x 0|
|Day's Range||1.390 - 1.390|
|52 Week Range||1.330 - 4.130|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.21 (14.32%)|
|1y Target Est||N/A|
Attractive stocks have exceptional fundamentals. In the case of China Huarong Asset Management Co Ltd (HKG:2799), there’s is a notable dividend-paying company that has been a rockstar for income investors,Read More...
SHANGHAI/HONG KONG (Reuters) - China's biggest manager of bad debts is trying to exit early from at least three loans and investments as it wrestles with a liquidity crunch triggered by an anti-corruption probe into its chairman, people with knowledge of the matter said. China Huarong Asset Management (HKSE:2799.HK - News), one of four state-backed so-called "bad banks" formed in 1999, has been trying to raise cash since Lai Xiaomin resigned as chairman in April amid a graft probe, the sources said. Huarong's attempts to call back loans shows the extent of its liquidity woes.
China Huarong Asset Management Co Ltd (HKG:2799) received a lot of attention from a substantial price movement on the SEHK over the last few months, increasing to HK$3.63 at oneRead More...
BEIJING/SHANGHAI (Reuters) - China Huarong Asset Management Co Ltd (HKSE:2799.HK - News) will focus on its core bad debt business, the company said, amid investigations by the official anti-corruption watchdog of its chairman, Lai Xiaomin, and a company it had invested in. Huarong is one of China's largest state-owned bad debt managers. In April, the anti-corruption agency said it was looking into suspected "serious discipline violations" by its chairman, and the company had also taken a stake into a unit of an energy firm whose chairman is also being probed for suspected economic crimes.
A senior official at China's banking and insurance watchdog said that the new leadership of China Huarong Asset Management Co (HKSE:2799.HK - News) must effectively control risks and focus on the company's core business of non-performing assets, according to a statement on the company's website on Sunday evening. The comments were made by Cao Yu, vice chairman of the China Banking and Insurance Regulatory Commission (CBIRC), at a meeting on Wednesday to announce proposed new leadership for the firm, said the statement from Huarong, one of China’s largest state-owned bad debt managers. China's anti-corruption watchdog said on Tuesday it was investigating Huarong chairman Lai Xiaomin for alleged corruption, in the latest string of probes into high-profile financial executives.
SHANGHAI/HONG KONG (Reuters) - China Huarong Asset Management Co (HKSE:2799.HK - News) confirmed its chairman Lai Xiaomin, who is under investigation for alleged corruption, had stepped down, sparking an 11 percent tumble in shares of the nation's biggest bad debt manager on Friday. Reuters reported earlier this week, citing sources, that a senior banking regulator official would take the helm at state-owned Huarong after China's anti-corruption watchdog launched a probe into Lai for "serious discipline violations", a euphemism for graft. Wang Zhanfeng, head of the Guangdong branch of China's banking regulator, had been lined up as its new chairman and Li Xin, chief supervisor of China Orient Asset Management Co Ltd, would be named president of Huarong, it said.
China Huarong Asset Management Co Ltd (HKSE:2799.HK - News) is set to be helmed by a senior bank regulatory official, who will replace the current chairman under investigation for alleged corruption, two people with knowledge of the matter told Reuters. The official, Wang Zhanfeng, is the head of the Guangdong branch of China's banking regulator, the people said. China's anti-corruption watchdog said on Tuesday it is investigating Huarong Chairman Lai Xiaomin for suspected "serious discipline violations", a euphemism for graft, the latest in a string of probes into high-profile financial executives.