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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Temasek says its Chinese banks share sale is routine portfolio adjustment

Posted on 07 July 2011

Singapore’s sovereign wealth funds Temasek Holdings has said its partial sale of stakes in China’s state-owned banking giants Bank of China (BOC) and China Construction Bank (CCB) is part of its routine portfolio adjustment, a local daily reported on Thursday.
“This sale is part of our portfolio rebalancing, which we do from time to time,” the Business Times quoted a Temasek spokesman as saying in a statement on Wednesday. “Temasek continues to hold substantial positions in Chinese banks.”………………………………………Full Article: Source


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