China’s Foreign Exchange Administration Unit Buys Stakes In Banks

china-gov copyWutongshu Investment Platform Co. Ltd., a platform for investing foreign exchange reserves established in November 2014 by China's State Foreign Exchange Administration, has injected capital into the country's biggest banks, according to Caixin Media. Wutongshu is now among the top ten shareholders of Bank of China and Industrial and Commercial Bank of China, with a […]

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Read the original article: China Money Network