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Sovereign Wealth Funds Briefing - Categorized | Market, Research

China govt fund bank share news seen as symbolic

Posted on 13 October 2009

From Dow Jones: An announcement Monday that the investment arm of China’s $300 billion sovereign wealth fund will continue to buy shares in the country’s three largest banks is a symbolic gesture aimed at bolstering sentiment in the stock market, analysts said.

The news though did not set off a market rally, in part as investors continued to focus on the large amount of share supply in the pipeline……………………Full Article (Subscription Required): Source

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