Bloomberg
(Bloomberg) -- China Huarong Asset Management Co. returned almost $2 billion back to Citic Group, in a sign of closer ties after the financial conglomerate led a bailout of the bad debt manager two years ago. Most Read from BloombergHamas Chief Who Deceived Israel Is Target No. 1 Deep UndergroundBiden, Xi Declare Progress After Concluding Four-Hour SummitXi Says China Seeks to Be Friends With US, Won’t Fight ‘Hot War’Israel Latest: Biden Defends Hospital Raid, Says Hamas UnbowedHuarong agreed to