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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Agricultural Bank plans massive Chinese IPOs

Posted on 05 January 2010

From Marketwatch.com: The Agricultural Bank received a $19 billion cash injection from a domestic unit of China’s sovereign wealth fund in October, making it a 50% stakeholder in the bank. China’s Ministry of Finance owns the remaining 50% stake.
“The social security fund is the only strategic investors that the bank will bring in before its IPO,” the China Daily report cited its source as saying…………………………………..Full Article: Source

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