CIC’s Central Huijin Investment Buys Domestic Banks

Posted on 10/11/2023

China’s state-owned Central Huijin Investment Ltd. has doubled down on its investments in Bank of China Ltd., Agricultural Bank of China Ltd., China Construction Bank Corp., and Industrial and Commercial Bank of China Ltd. These “Big Four” banks confirmed the news. Additional share purchases are expected. The shares were purchased over the Shanghai Stock Exchange.…

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