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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China SWF to buy shares in nation’s three largest banks

Posted on 12 October 2009

From Bloomberg: China’s $300 billion sovereign wealth fund said it will continue increasing its stakes in the nation’s three biggest lenders, seeking to bolster investor confidence after Chinese shares fell last quarter.

Central Huijin Investment Co., a unit of China Investment Corp., “recently” bought Shanghai-traded shares in Industrial & Commercial Bank of China Ltd., China Construction Bank Corp. and Bank of China Ltd., according to statements issued late yesterday…………………..Full Article: Source

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