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