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China Plans Merger Of State-Owned Bad Debt Managers With Sovereign Wealth Fund Amid Stock Market Turbulence
Monday, January 29, 2024 - 5:22am | 690China has unveiled plans to unite three of its state-owned bad debt asset managers with its primary sovereign wealth fund, the China Investment Corp. What Happened: China’s official Xinhua news agency, cited anonymous sources in saying that China Cinda Asset Management Co Ltd (OTC:CCGDF), ...