China’s wealth fund to take over bad debt managers to defuse risks

Feb 19, 2025

Central Huijin Investment, an arm of China's sovereign wealth fund, is set to take control of three major bad debt managers, as Beijing tackles growing risks in the state-dominated financial system.

China’s wealth fund to take over bad debt managers to defuse risks

China’s finance ministry plans to transfer a majority stake in three state-owned bad-debt managers to the nation's sovereign wealth fund China Investment Corp (CIC) as Beijing moves to overhaul the ownership structure of state financial firms.

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