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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials, Investment, Market

China’s CICC gets nod for major shareholding change

Posted on 30 November 2010

From Chinadaily.com.cn: China International Capital Corp (CICC), the country’s top investment bank, has obtained the approval from the securities regulator for a major shareholding change. Central Huijin Investment Co, the domestic arm of China Investment Corp, the country’s sovereign wealth fund, owns 43.35 percent of CICC.
The China Securities Regulatory Commission (CSRC)on Nov 26 approved CICC’s application for the shareholding change which involved a more than 5 percent stake in the company……………………………………….Full Article: Source

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