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Sovereign Wealth Funds Briefing - Categorized | Market

China’s AgBank IPO a non-starter?

Posted on 06 January 2010

From Reuters: Agricultural Bank of China said that it plans to list this year, but denied a report it was planning a $22 billion initial public offering as early as April. Central Huijin, the domestic investment arm of China’s sovereign wealth fund, owns half of AgBank following a $19 billion capital injection in 2008.
The China Daily, China’s main English-language newspaper, reported on Tuesday the size and potential timeframe for the highly anticipated IPO, adding that AgBank had failed to forge strategic partnerships with any domestic or foreign financial institutions…………………………………….Full Article: Source

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