Goldman Sachs sold its remaining shares in ICBC earlier this week for US$1.1 billion. Photo: Reuters
Goldman Sachs sold its remaining shares in ICBC earlier this week for US$1.1 billion. Photo: Reuters
Doug Young
Opinion

Opinion

Doug Young

Goldman Sach's ICBC sale is good sign for China banks

Temasek's boosting of its stake in ICBC is a positive signal for Chinese banks, reinforcing the view that their shares are currently undervalued

Goldman Sachs sold its remaining shares in ICBC earlier this week for US$1.1 billion. Photo: Reuters
Goldman Sachs sold its remaining shares in ICBC earlier this week for US$1.1 billion. Photo: Reuters
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