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Sovereign Wealth Funds Briefing - Categorized | Investment

Huijin, Ping An raise stakes in ICBC

Posted on 10 January 2012

Central Huijin Investment Co, the investment arm of China’s sovereign wealth fund, further raised its stake in Industrial and Commercial Bank of China or ICBC to 35.43%, the sources reported.

The report said that Huijin bought 38.47 million more shares of ICBC, the world’s biggest lender by market value, after its purchase of 14.58 million shares on October 10, 2011. At the end of 2011, Huijin held 123.69 billion shares of the Chinese lender…………………………………….Full Article: Source


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