News Snapshot:
China Considering Huarong Bailout With $15 Billion PBOC Backstop by Tyler Durden Wednesday, Apr 21, 2021 - 01:10 PM To everyone who said that it was only a matter of time before Beijing blinked in its latest encounter with the harsh reality of market logic... congrats, you were right. One day after the latest report - this time from Reorg Research - that China was considering options for bad-debt asset manager Huarong that included restructuring the debt of its offshore unit and which again sent Huarong dollar bonds tumbling, Beijing has had enough of the daily rollercoaster and leaked through...
