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China State Fund Buys Bank Shares

CHINA PRESS
MNI (Singapore)

China’s sovereign fund, Central Huijin Investment, has doubled down on its investments in the country’s “Big Four” state-owned banks for the first time since 2015. Bank of China, Agricultural Bank of China, China Construction Bank, and Industrial and Commercial Bank of China confirmed the news. Based on the closing prices of the banks Tuesday, the fund spent about CNY475 million to increase its holdings, while additional share purchases are expected in the next six months. (Source: Xinhua Finance)

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