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Liaoning local gov’t-backed asset management firm to invest in embattled Bank of Jinzhou – report

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An asset management company backed by the local government in norther China's Liaoning province is likely to become one of the new strategic investors in the embattled Bank of Jinzhou, reported Chinese business newspaper The 21st Century Business Herald on Friday.

Huida Asset Management Ltd will also invest in the lender, the newspaper said, citing unidentified banking and regulatory sources. Huida is wholly owned by Cinda Asset Management - one of the country's four largest distressed . . .

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