China’s National Social Security Fund (NSSF) has offloaded shares in Industrial and Commercial Bank of China (ICBC), Hong Kong Standard reports. The state-owned pension fund offloaded 35 million shares on August 30 with a total value of $23.17 million.
On August 26, the NSSF sold ICBC’s shares worth $5.68 million. After selling 119.1 million of shares, the NSSF now owns a 15.95 percent interest in ICBC, down from 16 percent.
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