National Social Security Fund Cut Its Stake In ICBC To 15.95% Of Bank's Hong Kong-Listed Shares

Date:2011-09-06lile  Text Size:

Sep 05, 2011 6:24 AM EDT
HONG KONG -(Dow Jones)- China's national pension fund has trimmed its stake in the Industrial & Commercial Bank of China Ltd. (1398.HK) to 15.95% from 16.00% of the bank's Hong Kong-listed shares, according to a disclosure filed with the Hong Kong stock exchange.

On Aug 30, National Social Security Fund sold 35 million Hong Kong-listed ICBC's shares at an average of HK$5.160 each. The pension fund didn't provide a reason for the sale in the disclosure.

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