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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (1905)12/11/2003 2:06:12 PM
From: RealMuLan  Read Replies (1) of 6370
 
China Huarong plans big bad asset tender next week
Reuters, 12.11.03, 12:15 AM ET
By Tamora Vidaillet

BEIJING, Dec 11 (Reuters) - China Huarong Asset Management will auction bad debts with a book value of 25 billion yuan ($3 billion) next week in the biggest such sale by a debt-clearing company as China seeks to reform its ailing financial system.

nytimes.com
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