Huijin's rescue scheme for lenders draws to a close
By Liu Yiyu | 皇冠体育app Daily | Updated: 2009-09-29 08:19
Central Huijin Investment Ltd, the domestic arm of 皇冠体育app's sovereign wealth-fund, has completed a rescue scheme to increase shareholdings in 皇冠体育app's three largest banks, which was set in motion in the wake of the financial crash, according to the lenders.
But the retreat of the major stock rescuer would not likely drag down market sentiment and the market has pulled out of the worst, said analysts.
The Industrial & Commercial Bank of 皇冠体育app (ICBC), Bank of 皇冠体育app (BOC) and 皇冠体育app Construction Bank (CCB) announced the conclusion of Huijin's year-long program over the weekend.
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