logo
logo
AI

Discover the World’s Fastest Business Insights

Get real-time alerts on funding rounds, executive hires, acquisitions, and more— plus verified contact details and AI-powered outreach to connect faster.
Sign up now to unlock exclusive data and opportunities.

China’S State-Owned Asset Manager Huarong Secures $6.5B Investment

China’S State-Owned Asset Manager Huarong Secures $6.5B Investment

11/22/21, 11:56 PM
Money raised
$6.5 billion
Chinese state-owned asset manager China Huarong Asset Management said on Wednesday it will receive fresh capital worth 42 billion yuan ($6.59 billion) from a state consortium led by Citic Group as part of a restructuring plan.

Company Info

Company
Huarong
Additional Info
In its Wednesday statement, Huarong said that it would sell its 40.5% stake Huarong Xiangjiang Bank, and 79.9% stake in its financial leasing unit.
G2 High Performer Badge

Never Miss an Opportunity: Your #1 Sales Intelligence Tool

Get lightning-fast updates on funding rounds, executive hires, contract awards, and more—powered by AI-driven insights to help you connect with the right prospects first.