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China's used cars will form a big market, official says. Keep in mind, Huarong asset management (CENTRAL CHINESE GVT.) now owns more than 10%. As well as William Li of Nio. Hold.

China's used cars will form a big market, official says. Keep in mind, Huarong asset management (CENTRAL CHINESE GVT.) now owns more than 10%. As well as William Li of Nio. Hold.

hhandley

Also need to keep in mind that Huarong is in deep financial trouble (just reported a USD16bn loss for 2020 and is in the midst of a bail out from other Chinese SOEs). So that 10% stake could be offloaded at some point.


NioMoney

That is a fair point, I won’t argue you on that. I’m less interested in the asset group itself and more interested in the central Chinese governments interest in Uxin through the group. The government involvement, as well as Li and his connections, are what has piqued my curiosity the most. Nothing in China moves without government approval. I think it will take some time for the pieces to fit, but I believe they will at some point.


hhandley

Agreed!