Central Huijin Investment Ltd, an arm of sovereign wealth fund China Investment Corp, continued its purchase of shares in major banks for the fourth straight quarter, according to a statement released Oct 8.
In the third quarter, Central Huijin bought more than 6.26 million shares in Industrial and Commercial Bank of China Ltd, according to a statement from the lender.
By the end of September, Central Huijin held 35.43 percent of ICBC's shares.
China Daily - Xinhua
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