China ’s HNA Group is seeking advice from state - owned firm , Cinda ##n Management on asset disposals . Airlines - to - finance conglomerate HNA has been carrying out numerous asset sales , including real estate and stakes in hotel groups , as it faces rising debt and a crackdown by Chinese authorities on aggressive deal - making businesses . HNA has attracted much scrutiny for its $50 billion worth of deals in recent years that included hotels in the United States and left it the largest shareholder in Deutsche Bank (DBKGn. The company has so far sold nearly CNY300bn ( $ 43bn ) in assets this year and is set to continue with disposals , according to chairman Chen Feng .
China ’s HNA Group is seeking advice from state - owned firm , Cinda ##n Management on asset disposals . Airlines - to - finance conglomerate HNA has been carrying out numerous asset sales , including real estate and stakes in hotel groups , as it faces rising debt and a crackdown by Chinese authorities on aggressive deal - making businesses . The company has so far sold nearly CNY300bn ( $ 43bn ) in assets this year and is set to continue with disposals , according to chairman Chen Feng .