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 22, 2021 | Asian Dollar Bonds, China, Investment Grade Bonds
China is considering a plan where a unit of the central bank, PBOC, would assume more than CNY 100bn ($15bn) of assets from China Huarong Asset Management Company (CHAMC), according to sources. This would help clean up CHAMC’s balance sheet and refocus on its core...
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...
