On July 15, China’s agricultural bank will lift the embargo on the selling of its A stock and H stock shares. Billions of stocks could be sold in the next few months.
As a big share holder of Agricultural Bank, Temasek, said on Thursday that Temasek does not intend to reduce of its holdings of Agricultural Bank. Ding Wei, president of Temasek Investment Consulting Co., Ltd in China, said Temasek is very optimistic about China’s banking industry.
On last Thursday, Temasek sold 51.88 million shares of Bank of China (3988.HK) and another (0939.HK) 15.02 million shares of China Construction Bank, getting a total of $ 3.6 billion back.
Caijing
Translated and edited by Peng Bo. He is now a editor of m4.cn. Write to him at pb.bloomberg@gmail.com.
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