Date
19 August 2017

Huijin expands holdings in big four banks

Central Huijin Investment Ltd., an arm of China’s sovereign wealth fund, has raised its stakes in the nation’s big four state-owned banks over the past six months, according to filings by the lenders to the Hong Kong stock exchange.

Between June 13 and Dec. 12, Huijin bought 179.46 million A shares in Agricultural Bank of China Ltd. (01288.HK, 601288.CN), 175.45 million A shares in Industrial and Commercial Bank of China Ltd. (01398.HK, 601398.CN), 102.8 million A shares in China Construction Bank Corp. (00939.HK, 601939.CN) and 112.76 million A shares in Bank of China Ltd. (03988.HK, 601988.CN), according to the filings.

It bought the shares through on-market purchases on the Shanghai Stock Exchange, the banks said, without saying whether Huijin will add to its holdings in the banks.

– Contact HKEJ at [email protected]

JP/SK

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