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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

HSBC plans sale of Bank of Shanghai interest

Posted on 11 August 2011

HSBC plans to dispose of its 8 percent stake in Bank of Shanghai. HSBC’s plan to exit from the Chinese lender comes as China Investment Corp, the country’s sovereign wealth fund, has bought the International Finance Corporation’s 7 percent stake in Bank of Shanghai, the 21st Century Business Herald reported, citing sources familiar with the matter.
HSBC and China Investment Corp were not immediately available for comment……………………………………….Full Article: Source


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