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CIC evaluates potential purchase of stakes in three national bad banks

CIC evaluates potential purchase of stakes in three national bad banks

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

China’s sovereign wealth fund, China Investment Corp. (CIC), has begun due diligence on the potential acquisition of three of the country’s largest bad debt managers, Caixin has learned.

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