Central Huijin Buys Shares in 4 Major China Banks; Bid to Boost Sentiment

China has signalled its intent to shore up investor sentiment in the country's domestic stock markets as indicated by the share purchase plans of an investment arm of the country's sovereign-wealth fund and a move to raise holdings by majority shareholders in two Chinese state-owned companies.

China local government debt risks controllable: c. bank governor

BEIJING (Reuters) - Risks from local government debt are controllable and slower price rises make China's anti-inflation campaign less urgent, but Beijing needs to be ready to use "appropriate policy instruments" to deal with external shocks, China's central bank governor told state media in an interview published on Sunday.

China wealth fund sees no need for new forex fund

BEIJING (MarketWatch) -- An executive with China Investment Corp., the country's sovereign wealth fund, said that he doesn't see a need for the country to set up any new foreign exchange-reserve investment funds, Caixin Media reported Friday on its website.

Jin Liqun, chairman of CIC's board of supervisors, said in a speech in Washington D.C that CIC has covering most investment sectors and has done a good job with its investments, Caixin reported.