China removes state media article on plans to merge bad debt asset managers with sovereign wealth fund
Publishing timestamp: 2024-01-29 04:49:16
Summary
China's state media removed a story that initially reported Beijing's plans to merge its largest state-owned bad debt asset managers with China Investment Corp. This follows recent actions by Beijing to strengthen the stability of its capital markets and improve market confidence amid a stock market rout and financial risks from the real estate sector's debt crisis.
Sentiment: NEUTRAL
Tickers: 1359-HK,
Keywords: asia economy, real estate, business news, china, china cinda asset management co ltd, economic events,