China's 'Big Four' banks rally after state wealth fund boosts stake
Publishing timestamp: 2023-10-11 23:06:58
Summary
China's sovereign wealth fund, Central Huijin Investment, has increased its stake in four major banks in an effort to renew confidence in the country's stock market. This move has led to a rise in the shares of these banks and the broader CSI 300 index. Central Huijin plans to continue increasing its holdings over the next six months.
Sentiment: POSITIVE
Tickers: 1988-SZ, 1939-SZ, 1398-HK, 1398-SZ, 1288-SZ,
Keywords: industrial and commercial bank of china ltd, china, china construction bank corp, business news, agricultural bank of china ltd, bank of china ltd,