They call this a moment of reckoning. #China has for more than a decade avoided a debt crisis by rolling over obligations and other stratagems. At some point—not now but soon—it will no longer be able to avoid a crisis. #Huarong #CCP #debt https://t.co/yv4dv4MkjY

— Gordon G. Chang (@GordonGChang) May 24, 2021

Huarong #bonds 😭
📌"Borrowers putting up a Huarong Securities 2023 bond for collateral now get just 40% of the note’s face value as cash, down from 91% at the start of April"#china #asia #economy #fx #forex $CNY $RMB https://t.co/cHOnrYnVVZ

— QuantContrarian🏚 (@QContrarian) May 25, 2021

Debt! Inside the Race to Avert Disaster at China’s Biggest ‘Bad Bank’ – Bloomberg a dark drama is playing out behind the mirrored façade of Huarong Tower. How it unfolds will test China’s vast, debt-ridden financial system, the technocrats working to https://t.co/XTy2KJM01U

— The Crypto Magician 🎩💰 (@magician_crypto) May 25, 2021

"Huarong is more than $40 billion in debt to foreign and domestic investors.

China’s Biggest ‘Bad Bank’ Tests Beijing’s Resolve on Financial Reform https://t.co/Mcxm8f2hY8

— Sam Maule (@sammaule) May 18, 2021