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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments, Investment

China wealth fund arm to inject $ 20 bln usd into Agricultural Bank

Posted on 10 October 2008

From Hemscott.com: Central Huijin, an investment arm of sovereign wealth fund China Investment Corp, is expected to inject USD 20 bln into Agricultural Bank of China as part of a restructuring plan for the country’s fourth-largest state-owned bank.

The report said the bank’s joint-stock reform will soon reach a significant stage. It said that unlike the other major state-owned banks, Agricultural Bank of China will dispose its non-performing loans (NPLs) itself rather than selling them to asset management companies, as the four largest asset management companies show little interest in the bank’s NPLs….. Full Article: Source


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