China’s sovereign wealth fund is taking stake in Heng Feng Bank, a troubled lender linked to fugitive financier Xiao Jianhua, the third commercial lender to receive state assistance since May, following the takeover of Inner Mongolia-based Baoshang Bank and the restructuring of Liaoning-based Bank of Jinzhou.
Central Huijin Investment, a subsidiary of the sovereign wealth fund China Investment Corporation and shareholder in China's Big Four state . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. Don't miss out!
What you'll get:
- Original and in-depth reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
- Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related information.
- Weekly Market Wrap-up on Chinese equities, bonds, the yuan and commodities!
- Interviews with China experts. We find you insights you should never miss!
Not ready for the full service? Subscribe to our Free Weekly Newsletter first.
Already have an account? Sign In