HONG KONG, March 8 The National Social Security
Fund has sold HK$243.6 million ($31.3 million) worth of H shares
in Industrial & Commercial Bank of China Ltd (1398.HK)(601398.SS)
(ICBC), reducing its stake in the Chinese lender to 17.99
percent, a disclosure from the Hong Kong bourse showed.
The National Social Security Fund, ICBC's largest
shareholder, sold 40.1 million Hong Kong-listed shares in the
world's largest bank by market capitalisation at HK$6.074 each on
March 1, according to the disclosure.
It marks the second time the fund has reduced its stake in
ICBC after selling 15.296 million H shares at HK$6.30 each on
April 9 last year, reducing its holding to 18.99 percent, data
from the disclosure showed.
(Reporting by Donny Kwok; Editing by Chris Lewis)