China Pension Fund Invests $2.2bn in AgriBank

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CHINA - China's national pension fund invested more than 15 billion yuan ($2.2 billion) to become Agricultural Bank of China's third-largest holder, paving the way for what may be the world's biggest initial public offering.

The National Council for Social Security Fund has made a "long-term, strategic investment" and wants the bank to sell shares as soon as possible, Ji Guoqiang, head of the fund's equity investment d...

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