China Huarong kicks off Hong Kong IPO

The country’s largest bad-debt manager could raise $2.5 billion to $3 billion as part of China's efforts to attract more private capital to its state-owned enterprises.
Chairman Lai Xiaomin
Chairman Lai Xiaomin

China Huarong Asset Management has kicked off a Hong Kong initial public offering that could raise $2.5 billion to $3 billion, according to two sources familiar with the situation.

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