China May Lower Bank Holdings Over Time: Huijin Official
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China’s government may reduce its stakes in the nation’s biggest banks as it introduces more private capital into state-owned enterprises, an official at the sovereign investor that holds the stock indicated to reporters.
The nation is encouraging “public-private partnership,” Li Jiange, vice chairman of Central Huijin Investment Ltd., told reporters on the sidelines of a conference in Frankfurt yesterday, when asked if there were any plans to change shareholdings in banks. His firm holds stakes in financial institutions on behalf of the Chinese government.