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Description
In November 2021, consistent media reporting confirmed that Beijing-based Huarong Asset Management had received a CNY 42 billion (USD 6.6 billion) equity injection bailout from state-backed investors....
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Intervention Details
Intervention Type
Equity stake
MAST Chapter
L: Subsidies (excl. export subsidies)
Implementation date
01 Nov 2021
Revocation date
No revocation date
Implementation level
National
Affected flow
Inward
Announced as temporary
No
Eligible firms
firm-specific
Affected Trading Partners
Table
Affected Sectors
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Affected Products
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