![Huarong's mess may have seemed confusing. What went wrong?](/content/images/size/w720/wp-content/uploads/2021/04/Huarongs-mess-may-have-seemed-confusing.-What-went-wrong.jpg)
Huarong’s mess may have seemed confusing. What went wrong?
Huarong, like many finance companies in China, is both a political entity and a business.
* China Huarong Asset Management Co. is a distressed asset management company that was established by the Chinese government in response to the 1997 Asian Financial crisis.
What is Huarong?
* A distressed asset management company is