AgBank

CIC’s Central Huijin boosts China bank stakes

Central Huijin Investment, the unit of China Investment Corp. (CIC) responsible for holdings in the country’s major state-owned banks, has been buying shares in these lenders to boost valuations. It took similar action in September 2008 as credit markets...

• Financials
• 11 October 2011

AgBank launches $2.3b private equity fund in Wuxi

Agricultural Bank of China and the Wuxi city government have launched a RMB15 billion ($2.3 billion) private equity fund. The AgBank (Wuxi) Private Equity Fund will receive an initial capital injection of RMB5 billion ($773 million).

• Industrials
• 30 June 2011