| From WSJ: The banks have a backstop in Central Huijin, an arm of China Investment Corp., China's sovereign-wealth fund, which already owns large stakes in the banks, along with China's Ministry of Finance. The fund has already signaled its willingness to back the nearly $50 billion in capital-raising plans announced by China's listed banks.
That is just as well. Jitters in China's equity markets have led to the cancellation or poor performance of recent initial public offerings.............................................Full Article: Source
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