China Plans to Bail Out Debt-Laden Conglomerate HNA

The HNA Group logo is seen on the gate of HNA Plaza building in Beijing, China on July 4, 2018. Elias Glenn/Reuters

BEIJING/SHANGHAI—China plans to take over HNA as the coronavirus outbreak has further hit its ability to meet financial obligations.

Shares in affiliates of HNA Group surged on Feb. 20 following the news.