Gloom deepens for China Evergrande despite Huarong rescue

Limits seen on state support beyond key financial institutions

NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent

HONG KONG -- If bond market moves after the bailout plan arranged for state-owned China Huarong Asset Management are anything to go by, investors now believe government support will only be forthcoming for key financial institutions while other troubled borrowers like property developer China Evergrande Group will have to fend for themselves.

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