China's Central Huijin to buy stake in ailing regional lender Hengfeng Bank: Report

China's Central Huijin to buy stake in ailing regional lender Hengfeng Bank: Report

Photographer: SeongJoon Cho /Bloomberg

Central Huijin Investment Ltd, a unit of China’s sovereign wealth fund that owns stakes in a range of major financial institutions on behalf of the government, will buy into troubled regional lender Hengfeng Bank Co, according to local media.