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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Central Huijin boosts equity holding in ICBC

Posted on 09 January 2012

China’s state-owned Central Huijin Investment Ltd. increased its equity holding in Industrial & Commercial Bank of China Ltd. (ICBC), the bank said.

Central Huijin’s holding in ICBC, the country’s largest lender, stood at 123.69 billion shares, or 35.43 percent of the bank’s total, as of Dec. 31, 2011, according to a statement ICBC filed with stock exchanges in Shanghai and Hong Kong. According to the statement, Central Huijin bought 38.47 million more shares after boosting its stake in ICBC by 14.58 million A-shares on Oct. 10 last year………………………………………Full Article: Source


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