, China

JP Morgan Chase ups stake In ICBC


JP Morgan Chase raised its stake in Industrial and Commercial Bank of China.



The U.S. investment bank bought 55.36 million H shares at an average price of US$0.759 on January 21. It spent a total of US$47.8 million, raising its holdings of ICBC's H shares from 4.94 percent to 5.01 percent.
 

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