China Huarong’s Lai Xiaomin Said Investigated For Financing Private Company

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Last week, it was learned that Lai Xiaomin, party secretary and chairman of China Huarong Asset Management Co., Ltd., is under investigation due to "severe disciplinary breaches." Now news reports are emerging that the instigation is tied to the company’s financial backing of a private electrolytic manganese manufacturer Ningxia Tianyuan Manganese Industry Co., Ltd.

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