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Sovereign Wealth Funds Briefing - Categorized | Investment

China wealth fund raises stakes in two major banks

Posted on 10 October 2012

Central Huijin Investment Ltd., an investment arm of China’s sovereign-wealth fund, increased its stakes during the third quarter in Bank of China Ltd. and Industrial & Commercial Bank of China Ltd., statements from the two major banks showed.
Central Huijin held 188.80 billion shares, or 67.64%, of Bank of China at the end of September, compared with 123.75 billion, or 67.63%, at the end of June, China’s third-largest bank by assets said in a statement Wednesday………………………………………..Full Article: Source


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