SHANGHAI—China Huarong Asset Management Co., Ltd., a state-owned asset management company, sought to turn the page on a deep annual loss on Monday, as its chairman said it was in talks with potential new strategic investors alongside a CITIC-led (CITIC Group Corporation Ltd.) consortium. Wang Zhanfeng, on a call a day after releasing earnings results, said many investors continue to have faith in Huarong, and that it was speaking with potential new domestic and foreign strategic investors. On Sunday, Huarong announced a first-half 2021 profit of $24.5 million and a nearly $16 billion loss for 2020. Restructuring uncertainties delayed its annual results statement by nearly five months. Earlier this month, the indebted company informed investors of a state-backed rescue plan led by the CITIC Group Corp. That deal would make Huarong a subsidiary of CITIC Group, part of a plan by regulators to fold financially shaky state asset managers into …
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