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Equity Bottom-Up

China Huarong Asset Management / Equity Bottom-Up

<ul><li>China Huarong Asset Management Co. Ltd. expects to post a net loss of 27.6 billion yuan ($4 billion) for 2022.</li><li>Citing factors including volatility in the capital markets leading to declines in the value of some assets, business transition and the real estate industry slump.</li><li>The bad-debt manager said it adjusted its business structure last year, resulting in less nonperforming asset acquisition and restructuring and less revenue.</li></ul>

China Huarong Asset Management Co. Ltd. expects to post a net loss of 27.6 billion yuan ($4 billion) for 2022.Citing factors including volatility in the capital markets leading to declines in the value of some assets, business transition and the real estate industry slump.The bad-debt manager said it adjusted its business structure last year, resulting in less nonperforming asset acquisition and restructuring and less revenue.

China Huarong Expects to Post $4 Billion Loss for 2022