China is considering a plan that would see the central bank assume more than 100bn yuan ($15bn) of assets from China Huarong Asset Management Co, helping the state-owned company clean up its balance sheet and refocus on its core business of managing distressed debt, people familiar with the matter said. Under a proposal that’s still being finalised and could change, a unit of the People’s Bank of China would assume assets from some of Huarong’s unprofitable operations, the people said, asking not to identified as the discussions are private. Further details on how the arrangement would work couldn’t immediately be learned. Separately, China Huarong International Holdings Ltd, the offshore u
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