Chinese state investment company increases stakes in major banks

A bird's-eye view of the Bund, Shanghai, China. /CFP

Chinese state-owned investment company Central Huijin Investment Ltd. has increased holdings in four major lenders in China, according to announcements by the banks released on Wednesday.

Specifically, Central Huijin bought 37.27 million shares in the Agricultural Bank of China (ABC), 27.61 million shares in the Industrial and Commercial Ba