China's state fund raises stake in Big Four banks to prop up stock market

China's state fund raises stake in Big Four banks to prop up stock market

FILE PHOTO: Coins and banknotes of China's yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo

Chinese shares rose in early trading on Thursday, after a state fund increased stake in the nation’s biggest banks following a slew of stimulus efforts to revive a flagging stock market.