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China seen bailing out biggest bad-debt manager while teaching investors a ‘hard’ lesson as contagion effects linger

Summary:
[unable to retrieve full-text content]Chinese economic policymakers are caught between a rock and a hard place as they try to piece together a rescue plan for embattled bad-asset manager China Huarong Asset Management.On the one hand, they want to adhere to the market-based principle that investors should bear part of the burden. But on the other, policymakers are trying to avoid saddling those investors with a cost that would hurt future investments in China.Because of Huarong’s many connections to other financial institutions,…

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[unable to retrieve full-text content]
Chinese economic policymakers are caught between a rock and a hard place as they try to piece together a rescue plan for embattled bad-asset manager China Huarong Asset Management.On the one hand, they want to adhere to the market-based principle that investors should bear part of the burden. But on the other, policymakers are trying to avoid saddling those investors with a cost that would hurt future investments in China.Because of Huarong’s many connections to other financial institutions,…

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