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Caixin

Huarong gets new president amid pressure on bonds

China Great Wall Asset Management's Liang Qiang named to fill post, vacant since December

China's bad-asset manager China Huarong Asset Management named Liang Qiang, a former deputy Communist Party chief, as its next president.   © Reuters

China’s embattled bad-asset manager China Huarong Asset Management is getting a new president, filling a nearly six-month vacancy as the state-owned company’s bonds come under pressure amid closer scrutiny by investors.

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