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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment, Market

China wealth fund to stay active bank shareholder

Posted on 06 November 2012

The domestic arm of China’s sovereign wealth fund will continue to be “an active shareholder” in the country’s state-owned financial institutions, including the four biggest state-run banks, as it pushes for structural reforms in the financial system, the China Securities Journal reported Tuesday, citing China Investment Corp. Chairman Lou Jiwei.
Mr. Lou, who also serves as chairman of Central Huijin Investment Ltd., the domestic arm of CIC, said in the report that the share prices of China’s Big Four banks — Industrial & Commercial Bank of China Ltd. , Bank of China Ltd. , China Construction Bank Corp. and Agricultural Bank of China Ltd. — don’t reflect the current strength of their businesses………………………………………..Full Article: Source


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