Question
Huarong and the other AMCs were created with the purpose of stabilizing the Chinese banking industry. In 2021, other banks were instructed to loan more
Huarong and the other AMCs were created with the purpose of stabilizing the Chinese banking industry. In 2021, other banks were instructed to loan more funds to Huarong to take on its financial risks. Was the role of the AMCs doomed to fail from the start?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
