Huarong joins queue for A-share IPO

The listing is intended to help fund growth but China's largest bad loan manager will be hostage to the large IPO pipeline in Shanghai.

Huarong joins queue for A-share IPO

China Huarong Asset Management has joined the long queue for an A-share listing, seeking fresh capital to fund its expansion as the economic slowdown in China begins to bite, creating new opportunities to acquire distressed assets.

The company’s board approved the plan to apply for an A-share offering on Shanghai’s stock exchange when it met on June 24, said China’s largest financial asset management company by total assets in a stock exchange filing in Hong...

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