Key facts
- Zhuhai Huafa Group carries 404.7 billion yuan in interest-bearing debt, per the report.
- Huafa's assets exceed 750 billion yuan, per the report.
- Zhuhai's support totaled more than 40 billion yuan ($6 billion), per the report.
- Huafa's businesses span housing, infrastructure, technology and financial services, per the report.
Zhuhai has mobilized more than 40 billion yuan ($6 billion) to support Zhuhai Huafa Group, its largest city-owned company, after a debt scare rattled China's bond market, according to a report published November 6, 2026.