China’s central bank buys into Italian banks UniCredit, Monte dei Paschi

The Chinese central bank has bought a 2 percent stake in lenders UniCredit and Monte dei Paschi di Siena, adding to a string of investments in large Italian companies, a regulatory filing showed on Monday. Market regulator Consob said on its website that the People’s Bank of China owned 2.01 percent of Monte dei Paschi as of June 30. A similar investment in UniCredit was dated June 29. Source Reuters