Central Huijin continues purchase of bank shares

Central Huijin Investment Ltd, an arm of sovereign wealth fund China Investment Corp, continued its purchase of shares in major banks for the fourth straight quarter, according to a statement released Oct 8.

In the third quarter, Central Huijin bought more than 6.26 million shares in Industrial and Commercial Bank of China Ltd, according to a statement from the lender.

By the end of September, Central Huijin held 35.43 percent of ICBC's shares.

China Daily - Xinhua