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Global Trade Alert

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China: $1.02bn bailout for state-owned Hongqiao, world's largest aluminium smelter

Description

On the 15th of August 2017, after a joint meeting in Hong Kong, China's CITIC, the largest conglomerate in the country, announced it would be buying 806.6m new shares and USD 320m of convertible bonds...

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Intervention Details

Intervention Type

Equity stake

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

15 Aug 2017

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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