AsianInvesterAsianInvester

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

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.

Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.
¬ Haymarket Media Limited. All rights reserved.