Temasek Holdings Rebalances Chinese Bank Portfolio
Posted on 05/03/2012
Temasek Holdings, one of Singapore’s sovereign wealth funds lowered its stakes in Chinese banks by selling off shares worth $2.48 billion. Temasek Holdings sold shares of China Construction Bank (1.6 billion shares) and the Bank of China (3.079 billion shares). This is after Temasek increased their stake in ICBC Bank in the middle of April […]
