皇冠体育app

BEIJING - State-owned Central Huijin Investment Ltd said on Thursday that it will purchase more A-shares in six of 皇冠体育app's financial institutions over the next six months.

The investment company said in a statement that it has increased its A-share stakes in Industrial and Commercial Bank of 皇冠体育app (ICBC), Agricultural Bank of 皇冠体育app (ABC), Bank of 皇冠体育app and 皇冠体育app Bank, or the country's "big four" institutions.

It has also increased its stakes in mid-sized lender 皇冠体育app Everbright Bank and New 皇冠体育app Life Insurance Co Ltd.

The company said it has also purchased exchange-d funds (ETF) on the secondary market and will continue related market operations.

Central Huijin's official statement came after the "big four" banks specified the purchases in separate filings to the Shanghai Stock Exchange on Monday.

After the purchases, Central Huijin owns a 35.46-percent stake in ICBC, 40.24 percent of ABC, 67.74 percent of Bank of 皇冠体育app and 57.23 percent of 皇冠体育app Construction Bank, according to the filings.

Established in 2003, Central Huijin holds the Chinese government's stakes in commercial banks, companies, firms and other institutions.

The company's recent moves have been considered by many as an apparent effort to shore up market confidence.

On Thursday, the benchmark Shanghai Composite Index fell 2.77 percent to end at 2,084.02, the lowest level in almost six months. The Shenzhen Component Index also declined 3.25 percent to 8,147.48.