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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Huijin’s move aims to buoy investor trust

Posted on 13 October 2009

From Chinadaily.com.cn: Central Huijin Investment Co, a unit of China Investment Corp, would continue to increase its holdings in the nation’s three largest banks over the next 12 months - a move which, analysts said, was a clear signal to stabilize the market and bolster investor confidence.

The $300-billion sovereign wealth fund would also continue to increase its holdings in the banks by buying shares from the open market over the next 12 months, according to a Huijin statement yesterday……………………Full Article: Source

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