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The Shanghai-traded lender also turned into a complete public company in the A-share market on the day, replacing China Petroleum & Chemical Corporation (SHSE: 600028) to be the stock with the highest negotiable market value.
However, investors generally believe there is no pressure from sell-off by shareholders.
The Ministry of Finance and China SAFE Investments Limited, a government investment arm, own 118.006 billion shares in the bank respectively. The ministry would not sell the shares in a bid to maintain the stable development of the Chinese stock market, and the latter shareholder aired earlier that it has no intention to cut holdings in the lender.
Source: www.dayoo.com (October 27, 2009)
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