Huarong Says No Change in State Support, Ready to Repay Debt

China Huarong has stated to Bloomberg that there are no expected changes in its ownership structure, despite local media reports suggesting otherwise. Regulators have urged the company to achieve financial independence, leading to a significant sell-off in its bonds, particularly affecting perpetual bonds. Investors are seeking clarity from the Chinese government and regulators, as the company's comments have not alleviated concerns, and bond prices remain under pressure.

What has China Huarong stated regarding changes in its shareholding structure?

What prompted the sharp sell-off in the bond market?

What has been the response of the Chinese government to the situation described?

What do investors want to hear from the Chinese government and regulators?

How are the bond prices currently being affected according to the text?