Shares big banks in China have moving toward higher when the country's sovereign wealth fund announced it was rising its stake in them.
Central Huijin, the domestic arm of China Investment Corporation, invest funds in four major banks on Monday, said the official Xinhua news agency.
Investment in share is the first since the global financial crisis in 2008.
Analysts said the move was aimed at boosting investor confidence shaken by foreign markets and local policy.
Shares in Agricultural Bank of China increased more than 12% on Hong Kong's main index, while Industrial and Commercial Bank of China increase 7% in early trade.
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