China considers moving stakes in debt managers to sovereign wealth fund - Bloomberg News
19/05/2023 03:09
May 19 (Reuters) - China is considering transferring
government ownership in the country's biggest bad debt managers
to a unit of its sovereign wealth fund, Bloomberg News reported
on Friday.
Under the proposal, the Ministry of Finance will move its
stakes in China Cinda Asset Management Co 1359.HK , China Great
Wall Asset Management and China Orient Asset Management to
Central Huijin Investment, the report said citing people
familiar with the matter.
(Reporting by Shivani Tanna in Bengaluru; Editing by Jacqueline
Wong)
((ShivaniJayesh.Tanna@thomsonreuters.com;))
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