Jul 07, 2011 01:45 PM

Temasek Reduces Chinese Bank Holdings

By staff reporter Li Jing

(Beijing) -- Temasek has reduced its holdings of Bank of China (BoC) and China Construction Bank (CCB), the company's spokesperson confirmed on July 6.

The stake reduction is part of a portfolio rebalance and Temasek still holds a substantial amount of stakes in Chinese banks, spokesman Jeffrey Fang said, without specifying the amount of shares the company has sold.

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