Readers: 24 | Updated: 03-26

China state investment arm transfers 3 bln BoCom shares to Finance Ministry

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China's State Council, or the cabinet, approved on Wednesday a voluntary transfer by Central Huijin Investment Co. of 3 billion Hong Kong-listed shares in the Bank of Communications (BoCom) to the Ministry of Finance.
The move was intended to "integrate state-owned financial resources and optimize the allocation of these resources," accordi...


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