China’s ‘Big Four’ banks rally after state wealth fund boosts stake
WEARVALLEYMERCURY
Financial institution of China is likely one of the main state-owned banks in China. Pictured here’s a department in Shanghai on March 27, 2023. Bloomberg | Bloomberg | Getty Photographs China’s sovereign wealth fund, Central Huijin Funding, elevated its stake in 4 of the nation’s largest banks late Wednesday in what’s seen as a transfer … Read more