22 March 2019

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]


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