China Huarong may delay $3b Hong Kong IPO

The deal has now won approval but could be delayed by China's fraught stock market conditions and the poor performance of peer China Cinda.

China Huarong Asset Management, the country’s largest bad-debt manager, won approval from the Hong Kong stock exchange for its long-awaited initial public offering late last week, according to three sources familiar with the matter.

¬ Haymarket Media Limited. All rights reserved.

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