China Construction Bank Rises On Reports Of CIC Buy

Shares of China Construction Bank Corporation rose as much as 7.4% Thursday on reports China’s US$ 200 billion sovereign-wealth fund may scoop up part of Bank of America Corp.’s (BAC) stake in the Chinese lender.

China Construction Bank was up 3.2% at HK$4.90 at the midday break on Hong Kong’s stock market, having risen as high as HK$5.10 in the morning session. The benchmark Hang Seng Index was up 0.8% at 16,967.

read more: Wall Street Journal

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