Temasek Holdings Sells US$ 3.63 Billion of CCB and Bank of China Shares

Posted on 07/06/2011

In the aggregate, Chinese bank stocks have fallen ever since Moody’s Investors Services released information that Chinese banks might have higher than expected exposure to local government debt.  There is tremendous concern that Chinese lenders will be incapable to absorb losses on defaults; however, a Chinese government plan to clean up the problem could alleviate […]