China Construction Bank voted to deny hand that is not a problem disk sector

Spread of a few days ago Bank of America may reduce CCB H shares news, market analysts generally believe that their own pressure, the reduction of the Bank of America has become almost a foregone conclusion. “South China Morning Post” quoted an anonymous on the 7th fund managers as saying that Bank of America may be lower than the current share price up to 15% discount on the price of the sale of its holdings of shares in China Construction Bank 34%, to raise up to 58 billion Hong Kong dollar , or about 7.482 billion U.S. dollars of the funds.

Here the transaction has been the newspapers may start to pathway the advancement of the follow-up. Hong Kong’s “Ming Pao Daily News” described that on the 7th, in alignment to stabilize the market, Banc of America has been the foremost shareholder of China Construction Bank and China Investment Co., Ltd. (referred to as the “cast”) to come to an affirmation, most of the raising of the ostracise will be in the cast to take supply, while the other CCB a scheme for the shareholders, Singapore Temasek Holdings Co., Ltd. China Construction Bank may furthermore be part of the supply holdings.

However, the same day, according to domestic media reports that cast a subsidiary of the company’s authoritative Huijin has clearly denied this, saying that “never heard of the matter” and that “Bank of America to reduce stake in CCB no suspense, the key is the price. “Analysts believe that it is not excluded by the parties concerned and its major shareholders Huijin company said in a matter voted to raise the possibility of the price.

The report also pointed out that, for prudential considerations, CCB has been a significant provision, leading to emergence of its first-quarter net profit decreased substantially, but also makes CCB shares at a low price. Accordingly there are investors that the move on the one hand, China Construction Bank for the future to deal with the deterioration of the quality of assets set aside ample space for more on the other hand, contain a certain extent also the acts of the United States to sell the bank.

Statistics present that, following China Construction Bank allocations in 2005 after the Bank of America double in 2008 through the physical exercise of picks allocations of the bank holdings. As of the end of the year 2008, the U.S. bright 44,713,000,000 allocations were held by China Construction Bank H allocations, accounting for all the allocations of China Construction Bank 19.13%, of which 19.133 billion allocations on October 27 last year, the elevating of the ban. January 7 this year, the United States and bright holdings of 56.2 million allocations of which will be in the ratio of the bank’s shareholding lessened to 16.7%.

Construction Bank in accordance with a quarterly, as of March 31, Bank of America in the China Construction Bank shares were held by 39.089 billion, of which 25,580,000,000 shares to August 29, 2011 without the written consent of CCB may not be transferred, the remaining 13.51 billion shares H shares a view of the lock on the 7th in the end, it became the United States is still held by the banks for on-hand cash to supplement the capital of one of the tools. May 7 in accordance with CCB’s H shares closed at 4.61 Hong Kong dollar terms, this part of the total value of stocks is about 8.034 billion U.S. dollars.

HU Chang-Miller, spokesman for China Construction Bank on the 7th stressed that the China Construction Bank Bank of America has not yet received notification of the reduction of capital. He also said that the current stock of China Construction Bank are many people who are interested in, even if the U.S. banks did reduce, sector plate and certainly not a problem. According to the report, due to optimistic market sentiment, a great number of hedge funds are preparing to enter. An international investment bank said that “the placement of this potential business, investment banking has become the pursuit of competing projects.

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