Chinese Sovereign Wealth Fund Boosts Stakes in Nation’s Lenders

Central Huijin Investment Ltd., a unit of China’s sovereign wealth funds, increased its stakes in the nation’s four biggest banks last week. Central Huijin bought 19.3 million yuan-denominated A shares in Industrial & Commercial Bank of China Ltd. (601398), 24.5 million in China Construction Ban…

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Chinese Sovereign Wealth Fund Boosts Stakes in Nation’s Lenders