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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Investment

National Social Security Fund sells ICBC shares

Posted on 08 March 2011

From Reuters: The National Social Security Fund has sold HK$243.6 million ($31.3 million) worth of H shares in Industrial & Commercial Bank of China Ltd (ICBC), reducing its stake in the Chinese lender to 17.99 percent, a disclosure from the Hong Kong bourse showed.
The National Social Security Fund, ICBC’s largest shareholder, sold 40.1 million Hong Kong-listed shares in the world’s largest bank by market capitalisation at HK$6.074 each on March 1, according to the disclosure………………………………………Full Article: Source

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