Heng Feng Bank’s signage, based in Yantai city in Shandong province. Photo: Shutterstock Images
Unit of China’s sovereign wealth fund takes over Xiao Jianhua-linked HengFeng Bank in third case of nationalisation since May
- Central Huijin Investment will invest in HengFeng Bank to increase its capital adequacy ratio, improve its management and enhance its operational capability, according to a report by Shanghai Securities News
- HengFeng is among more than a dozen city-level and rural lenders that had been put on notice by the authorities for a shake-up
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Banking & Finance
Heng Feng Bank’s signage, based in Yantai city in Shandong province. Photo: Shutterstock Images