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Friday, 09/03/2021 2:47:37 PM

Friday, September 03, 2021 2:47:37 PM

Post# of 457
CHINA..Sep 03, 2021 potential to upend debt markets and possibly precipitate a financial crisis,” The Wall Street Journal

with $58.8 billion worth of assets.

distressed asset manager is preparing to offload assets that involve "more than 7,000 borrowers",

Huarong is going to be offloading the assets via a largest-of-its-kind online debt sale.

https://www.zerohedge.com/markets/huarong-deleveraging-selling-588-billion-bad-assets-online-debt-sale?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29