GIC Increases Position in Citic Securities
Singapore’s GIC Private Limited increased its stake in CITIC Securities Co. Ltd. , according to a September 12, 2017 Hong Kong Exchange filing. GIC acquired 2,334,000 H shares at an average price per share of HK$ 17.3529. The transaction brought GIC’s ownership in Citic Securities from 4.99% to 5.09%.
Bannon Speaks in Hong Kong
In a similar time frame, former White House advisor under U.S. President Donald J. Trump, Stephen K. Bannon, gave a speech in Hong Kong to a group of investors. The title of Bannon’s speech was “American economic nationalism, the populist revolt and Asia.” The host of the event was CLSA, an overseas unit of Citic Securities.
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