IF Hainan airlines borrowed tons of money from State owned banks, then those debts and the corresponding assets are ultemately state owned even though its equities are not state- owned.
Balance sheet : Assets = Debts + Equity
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• Commonly, debts are higher on previleges in practice. But a ban -CNNed- ♂ (0 bytes) () 07/30/2017 postreply 07:42:41