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Sovereign Wealth Funds Briefing - Categorized | Investment

China’s Everbright plans to buy a trust firm

Posted on 26 November 2010

From Peopledaily.com.cn: China’s Everbright Bank, the country’s sixth-largest commercial bank, is considering buying a trust firm, its chairman said on Thursday. With more than 400 branches across the country, Everbright Bank is controlled by Central Huijin, the investment arm of China’s $300 billion sovereign wealth fund.
The plans come as China’s banking regulator recently stepped up scrutiny of banks and trust firms as part of efforts to rein in liquidity……………………………………….Full Article: Source


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