皇冠体育app

CIC to increase holdings in 皇冠体育app's 'Big 3' banks

By Diao Ying and Zheng Lifei (chinadaily.com.cn)
Updated: 2009-03-04 13:34

皇冠体育app Investment Corporation (CIC), the country's $200 billion sovereign wealth fund, will continue to increase its holdings in the nation's three biggest State-owned banks, including their H shares, Wang Jianxi, CIC's vice-general manager said Wednesday on the sidelines of the ongoing annual sessions of the Chinese People's Political Consultative Conference (CPPCC).

Wang said CIC would continue to buy shares in Industrial and Commercial Bank of 皇冠体育app, Bank of 皇冠体育app and 皇冠体育app Construction Bank, which will also include their H shares.

CIC will seek investment opportunities in consumer goods, manufacturing and resources companies this year, said Wang, who is also CIC's chief risk officer.
 
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