The company did not name his replacement.BEIJING, May 31 (Reuters) - State-owned Chinese investment company Central Huijin Investment Ltd said its president has left his post after the company’s share sale of state banks was cited by traders as a factor behind a plunge in China’s stock markets earlier this week.The company did not give a reason for Xie’s departure, which came three days after it sold a combined 3.5 billion yuan ($564.50 million) worth of mainland-listed shares in China Construction Bank (CCB) and Industrial and Commercial Bank of China (ICBC).Traders said the sharp drop in China’s stock markets was partly due to news that Central Huijin had reduced its holdings in CCB and ICBC, both of which are index heavyweights.China’s stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity. (Rewrites throughout, adds Central Huijin's stake increases in four major Chinese banks in 5th and 6th paragraphs, information on stake increases in China Coal Energy and China Yangtze Power in the last two paragraphs. ICBC was simultaneously listed on The Stock Exchange of Hong Kong Limited and Shanghai Stock Exchange on October 27, 2006. Central Huijin Investment Co Blogs, Comments and Archive News on Economictimes.com 3. --Central Huijin Investment says it bought shares in four major Chinese banks Wednesday --The investment arm of China's sovereign-wealth fund says it will continue such share purchases ... | … [2] : 85 Other entity of the central government, such as China Securities Finance (2.87%) and Central Huijin Investment (1.12%), also owned a minority stake. The benchmark Shanghai index slumped 22% last year.--The investment arm of China's sovereign-wealth fund says it will continue such share purchasesHuijin's stake in China Construction Bank increased by 117.02 million shares from the fourth quarter of last year to the end of June, and its stake in AgBank rose by 347.04 million during the same period.Write to Yue Li at yue.li@dowjones.com--Major shareholders increase stakes in China Coal Energy and China Yangtze PowerSHANGHAI--China has signalled its intent to shore up investor sentiment in the country's domestic stock markets as indicated by the share purchase plans of an investment arm of the country's sovereign-wealth fund and a move to raise holdings by majority shareholders in two Chinese state-owned companies. Beijing is the capital of China while Central Huijin holds substantial stakes in important financial institutions, such as the four largest joint stock banks in China, for the Chinese sovereign. Including latest increase, China National Coal Group plans to increase its stake by up to 2.5% over the next 12 months, China Coal Energy added.--The move comes after a similar stake purchase program that started in October last yearThe index has rebounded in the past two sessions, ending up 0.2% at 2119.94 Wednesday, helped by China's central bank move earlier this week to inject its second-largest amount of daily funds into the money market, extending its effort to ease monetary conditions and bolster a slowing economy.Central Huijin said it raised its stakes in four major banks: Industrial & Commercial Bank of China Ltd. (1398.HK, 601398.SH), Agricultural Bank of China Ltd. (1288.HK, 601288.SH), Bank of China Ltd. (3988.HK, 601988.SH) and China Construction Bank Corp. (0939.HK, 601939.SH).Investors are also hoping that more supportive measures will be introduced to boost the domestic economy after a once-in-a-decade leadership transition in November.Beijing has also stepped up its calls for shareholders of listed companies to raise their stakes in recent months, as part of its efforts to rejuvenate the stock market.Central Huijin said it increased its stake in ICBC by 116.64 million shares in the past four quarters, while its stake in Bank of China rose by 251.27 million during the same period.The moves come days after the benchmark Shanghai Composite Index on Sept. 26 briefly dipped below the 2,000 level for the first time since February 2009, triggering alarm bells.
Central Huijin Investment Co., Ltd. is a Chinese investment company owned by the government of the People's Republic of China.Established in 2003, it became a wholly owned subsidiary of China Investment Corporation, with its own Board of Directors and Board of Supervisors. Central Huijin Investment Co Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. State-owned Chinese investment company Central Huijin Investment Ltd said its president has left his post after the company's share sale of … )China Coal Energy said in a filing to the Shanghai Stock Exchange that China National Coal Group Co., its majority shareholder, bought 2.52 million A shares, or shares listed in mainland China, on Wednesday, while China Coal Hong Kong Ltd., one of the group's units, acquired 700,000 of the company Hong Kong-listed shares on the same day, taking the combined stake of the two firms to 57.54% from 57.52%. Central Huijin's principal shareholder rights are exercised on behalf of the State Council. [1] Central Huijin's principal shareholder rights are exercised on behalf of the State Council.
: 83 In terms of different shares, BlackRock owned 6.13% H shares in long position (267,971,072 number of shares), or 0.98% in terms of total share capital.
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