HONG KONG -- A Chinese government-backed fund has demonstrated its support for the nation's four major state banks, buying their shares in the open market for the first time since mainland equities plunged in 2015.
Markets
Chinese state fund buys shares to support country's biggest banks
Lenders say Central Huijin Investment plans to boost holdings in next six months
Foreign investors have retreated from shares in Chinese banks and other companies after the relaxation of COVID-19 restrictions failed to produce the anticipated economic boom. © EPA/Jiji
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