| Li Xiaopeng | ||||||
What is Huarong’s mandate?
We basically have three main tasks that were granted to us by the government. First, to help the state owned enterprises work out the difficult situation they are in. Second, to reduce the losses of the non-performing loans and lessen the loss suffered by the government. Finally to help eradicate the risk in the financial sector. Moreover, although the asset management corporation is very much policy oriented, we do have to follow the principles of the international market and international standards.
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