China Provincial Government-Owned Shandong Financial Asset Management Takes Control of Hengfeng Bank Which was Bailout 4 Years Ago after Embezzlement by Senior Management, Buys 15 Billion Hengfeng Bank Shares from China Sovereign Wealth Fund China Investment Corp Domestic Investment Group Central Huijin Investment
24th February 2024 | Hong Kong
China provincial government-owned (Shandong) Shandong Financial Asset Management Co. has taken control of Hengfeng Bank which was bailout 4 years ago after embezzlement by the senior management. Shandong Financial Asset Management Co. buys 15 billion of Hengfeng Bank shares from China sovereign wealth fund China Investment Corp (CIC) domestic investment group Central Huijin Investment. The deal was approved by China National Administration of Financial Regulation.
“ China Provincial Government-Owned Shandong Financial Asset Management Takes Control of Hengfeng Bank Which was Bailout 4 Years Ago after Embezzlement by Senior Management, Buys 15 Billion Hengfeng Bank Shares from China Sovereign Wealth Fund China Investment Corp Domestic Investment Group Central Huijin Investment “
China Provincial Government-Owned Shandong Financial Asset Management Takes Control of Hengfeng Bank Which was Bailout 4 Years Ago after Embezzlement by Senior Management, Buys 15 Billion Hengfeng Bank Shares from China Sovereign Wealth Fund China Investment Corp Domestic Investment Group Central Huijin Investment
![](https://www.caproasia.com/asia/wp-content/uploads/2020/05/Shanghai-City-1.jpg)
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit