Press "Enter" to skip to content

Huarong International Financial shares tumble to record low


Hong Kong-listed Huarong International Financial Holdings Ltd., a subsidiary of China’s state-owned distressed debt manager China Huarong Asset Management Co. Ltd., tumbled as much as 60 per cent on Tuesday, hitting HK$0.235, the lowest since its market debut in 1994.

According to information from the trading system of Futu Securities International, Cornerstone Securities Ltd, the biggest broker of the company's publicly traded shares, sold a net 13.7 million shares of Huarong International Financial . . .

To continue reading, please subscribe. You will get

  • An indispensable and reliable source of information on China's economy and financial markets
  • Original and in-depth reporting 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - the ONLY real-time financial news platform focused on China, with 24/7 continuous live updates
  • Daily Brief newsletters to get you prepared for every trading day

Don't Miss Christmas Offer!  Full subscription less than $0.5 a day! 

FREE TRIAL cancel any time

We highly value independence. We are solely funded by subscriptions from thousands of readers like you.  

Already have an account? Sign In