Two subsidiaries of China's sovereign wealth fund, the China Investment Corp. and Singapore's United Overseas Bank, will purchase $14 billion worth of shares from Shandong-based Hengfeng Bank, the South China Morning Post reported Dec. 19.

China: Shandong-Based Lender Gets a $14 Billion Bailout

Two subsidiaries of China's sovereign wealth fund, the China Investment Corp. and Singapore's United Overseas Bank will purchase $14 billion worth of shares from Shandong-based Hengfeng Bank, the South China Morning Post reported Dec. 19.

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China: Shandong-Based Lender Gets a $14 Billion Bailout

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