Hong Kong Stock Market News | CHINA HUARONG surges over 8%, officially renamed as CITIC Financial Assets, expected to turn last year's net loss into a profit of up to 2 billion yuan.
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China Huarong's stock price rose by more than 8%, reaching HKD 0.375, with a turnover of HKD 13.9542 million. The company has officially changed its name to China CITIC Financial Asset Management Co., Ltd. This renaming highlights the characteristics of a financial asset management company license and is expected to play a greater role in maintaining the stability of the financial system. In addition, the company expects to reverse its net loss from last year and turn it into a profit, with an estimated maximum of CNY 2 billion.
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