JOURNAL ARTICLE

Central Huijin increases holdings in China's big four banks.

  • Published In: China Economic Review.com, 2024. P. 1 1 of 2

  • Database: Business Source Ultimate 2 of 2

Abstract

China's central government, through its sovereign wealth fund Central Huijin Investment Ltd., has been increasing its holdings in the country's top four state-owned banks in an effort to support the struggling stock market. Since October, Central Huijin has purchased RMB 5.23 billion ($722 million) worth of stock in the Bank of China, the Agricultural Bank of China, the Industrial and Commercial Bank of China, and the China Construction Bank. As of now, Central Huijin holds a 64% stake in the Bank of China, a 57.14% stake in the China Construction Bank, a 40% stake in the Agricultural Bank of China, and a 34.79% stake in the Industrial and Commercial Bank of China. [Extracted from the article]

Additional Information

  • Source:China Economic Review.com. 2024/04, p1
  • Document Type:Article
  • Subject Area:Agriculture and Agribusiness
  • Publication Date:2024
  • Accession Number:176826868
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