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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek cuts stakes in China banks

Posted on 03 May 2012

Temasek Holdings said Thursday it had cut its stakes in two of China’s largest banks by selling shares worth $2.48 billion.
The limited retreat from China Construction Bank (CCB) and Bank of China (BOC) is a “rebalancing” of its China portfolio after it upped its stake in mainland lending giant ICBC Bank in mid-April, a Temasek spokesman told AFP………………………………………..Full Article: Source


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