Tag Archives: China Construction Bank

This strategic investment, totaling around $65 million, translates to approximately 0.01 percentage point in each bank. The impact on the market was immediate and substantial, with shares of these major banks soaring between 2.43% and 4.73% in the early hours of Thursday. China’s sovereign wealth fund, Central Huijin Investment Ltd, has taken a significant step to bolster the country’s struggling stock market. In a move similar to its 2015 intervention, Huijin has increased its stake in...

China Construction Bank – one of the largest financial institutions in the country – is unveiling its new funding plan that will potentially allow the firm to raise more than $3 billion from bond sales. What’s the big clincher? People will be able to purchase these bonds with bitcoin and other forms of crypto.China Bank Sees Bitcoin as a Potential ToolChina has had a very odd relationship with bitcoin and its altcoin cousins. On the one hand, bitcoin has potentially surged so much because the...