Huijin

They each entered into agreements with their direct shareholder, Central SAFE Investments now known as Huijin and 100% state-owned, to sell dollars for yuan over a defined period of time.

Beijing Can't Use Its Reserves to Save the Banks Carl E. Walter and 2011

Huijin bought Shanghai-listed shares, announcing its purchases after the Shanghai market closed but when Hong Kong was still trading.

China Props Up Bank Shares Dinny McMahon 2011

Chinese banking stocks soared in Hong Kong and Shanghai after Central Huijin, the domestic investment arm of China's $400 billion sovereign-wealth fund, said Monday it had started buying shares of China's four biggest banks .

Asian Shares Rise on Europe Hopes John Phillips 2011

Central Huijin, an arm of China's sovereign wealth fund that is in turn an agent of the State Council, has started buying the shares of Chinese banks listed in Shanghai and Hong Kong to pump up prices.

China's Bank Cover-Up 2011

That may be what the Huijin purchases are really about, reassuring the market that Beijing will step in to maintain confidence as needed.

China's Bank Cover-Up 2011

Huijin previously stepped in to buy Chinese bank stocks as part of a year-long effort to prop up the domestic stock market after the collapse of Lehman Brothers in 2008.

China Props Up Bank Shares Dinny McMahon 2011

But their view of the Chinese banking system hasn't changed, and so once Huijin's purchases have been digested the trend will resume.

China's Bank Cover-Up 2011

Also helping the sector was news that an investment arm of China's sovereign-wealth fund, Central Huijin Investment, has bought shares in the banks on the Shanghai market.

European Stocks Advance Ishaq Siddiqi 2011

Central Huijin Investment, the domestic investment arm of the sovereign-wealth fund, said it had started buying shares in those two banks, plus Bank of China Ltd. and China Construction Bank Corp. The fund, already a major shareholder in the state banks, said it would continue to buy.

China Props Up Bank Shares Dinny McMahon 2011

Agence France-Presse/Getty Images Central Huijin Investment increased its stake in Agbank marginally, adding 39.07 million shares.

China Props Up Bank Shares Dinny McMahon 2011