Source: China Daily

03-04-2009 16:11

Special Report:   2009 NPC & CPPCC Sessions

China Investment Corporation (CIC), the country's $200 billion sovereign wealth fund, will continue to increase its holdings in the nation's three biggest State-owned banks, including their H shares, Wang Jianxi, CIC's vice-general manager said Wednesday on the sidelines of the ongoing annual sessions of the Chinese People's Political Consultative Conference (CPPCC).

Wang said CIC would continue to buy shares in Industrial and Commercial Bank of China, Bank of China and China Construction Bank, which will also include their H shares.

CIC will seek investment opportunities in consumer goods, manufacturing and resources companies this year, said Wang, who is also CIC's chief risk officer.

Click for more news in Biz China>>

 

Editor:Xiong Qu