Among the companies China’s Rescue Fund Is Buying to End the Stocks Rout

From Bloomberg, Aug 9, 2015

China Securities Finance Corp. has quickly become one of the most influential investors in the Chinese stock market, with $483 billion of firepower and the potential to add $322 billion

Here’s a look at some of the biggest CSF positions tracked by Bloomberg, all of which the agency has initiated or increased since June 30

They include rail

1) China Railway Group Ltd. * CSF’s holding: 10.4 billion yuan ($1.7 billion)

* Company description: One of China’s largest railway construction contractors

* Return since June 30: -2.1%

* Price-to-earnings ratio: 28

* Market capitalization: 275.1 billion yuan

2) China Railway Construction Corp. * CSF’s holding: 9.1 billion yuan

* Company description: Railway construction contractor

* Return since June 30: 7.2%

* Price-to-earnings ratio: 18

* Market capitalization: 211.7 billion yuan

To read the entire article, go to http://bloom.bg/1PeQ4e

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