Huarong AMC woes drag on China’s bond market

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Huarong AMC woes drag on China’s bond market

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Fears around the health of China Huarong Asset Management Co have spooked investors this week and taken a toll on Asia’s bond market. The bad debt manager’s dollar bonds have tumbled, bringing new issuance from China to a near halt and putting pressure on other state-linked credits in the secondary market.

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