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June 17, 2013, 8:51 p.m. EDT

China Central Huijin adds to Big Four bank stakes

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By MarketWatch

SHANGHAI--Central Huijin Investment Ltd. last week increased its holdings of the A-shares of the country's big-four banks, statements from the four companies said.

The investment arm of China's sovereign-wealth fund Thursday raised its stake in Bank of China to 67.7365% from 67.7299% of the total issued capital, and increased its stake in China Construction Bank Corp. to 57.23% from 57.22%.

Central Huijin also raised its stake in Agricultural Bank of China to 40.24% from 40.23%, and in Industrial & Commercial Bank of China , it boosted its holding to 35.4647%, up from 35.4592%, according to statements posted on the stock exchange.

Central Huijin notified the banks that it would continue buying their shares over the next six months.

Midsize lender China Everbright Bank Co. and New China Life Insurance Co. said Saturday that Central Huijin had also increased its stake in the two companies and that it will continue buying their shares over the next six months.

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