by bondevalue | Apr 23, 2021 | China, Investment Grade Bonds
Further details on China Huarong’s reason for its earnings delay have emerged. Sources say that Huarong’s earnings were delayed because a plan for the PBOC to buy Huarong assets through Beijing Chengfang Huida Enterprise Management Co Ltd as part of a restructuring...
by bondevalue | Apr 21, 2021 | Investment Grade Bonds
Confusing signals on China Huarong Asset Management Company (CHAMC) continue to plague its bonds days after the regulator CBIRC announced that the company has adequate liquidity. China Huarong International Holdings, its offshore financing arm said it returned to...
by bondevalue | Apr 20, 2021 | China, Investment Grade Bonds
China Huarong’s dollar bonds rallied for a second day after the regulator publicly announced that the company has adequate liquidity. Huarong’s 2.875% Perp rallied the most by 32% to 80.25 and its 4% Perp rallied over 31% to 79.25. Shorter tenor bonds maturing between...
by bondevalue | Apr 19, 2021 | China, Investment Grade Bonds
An official from the CBIRC, China’s regulator, commented on China Huarong Asset Management Company (CHAMC) stating that “operations at Huarong remain normal and the company has ample liquidity”, as per Caixin. This is the first official comment after...
by bondevalue | Apr 15, 2021 | China, High Yield Bonds
Distressed asset manager China Huarong Asset Management Company (CHAMC) saw some of its dollar bonds plummet to new lows, dominating the top losers list on Wednesday. The acceleration in the sell-off now sees most of their bonds trading in the 60s from around par a...
