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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Temasek, Chinese Bank share trader

Posted on 03 May 2012

Singapore’s Temasek Holdings’ every move is being watched closely by any observer of China’s banking sector. In its latest portfolio reshuffling, it has sold down stakes in two Chinese banks, again.
On Thursday, Dow Jones Newswires reports that sovereign wealth fund Temasek raised US$2.48 billion through share sales in two state-owned banks, Bank of China Ltd. and China Construction Bank Ltd., via placements. The sales come as both CCB and Bank of China have gained 14% so far this year in Hong Kong………………………………………..Full Article: Source


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