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China Huarong plans to restructure overseas operations to cut costs

China Huarong plans to restructure overseas operations to cut costs

Lai Xiaomin, president of China Huarong Asset Management Corp., attends a panel session during the Boao Forum for Asia in Boao, Hainan province, China. Photographer: Qilai Shen/Bloomberg

China Huarong Asset Management Co., the state-owned bad-debt manager whose former chairman has been embroiled in a graft probe, plans to restructure its overseas operations in a bid to cut costs, people with knowledge of the matter said.

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