ABC's first war to expose Social Security Fund 15 billion yuan shares

Economic Watch Network reporter Zhang Weihua comprehensive media reports, the National Social Security Fund Council (hereinafter referred to as Social Security Fund) has invested 15 billion yuan in the Agricultural Bank, ABC is preparing the IPO, this is the bank's first strategic investor disclosed so far. According to Reuters, Social Security Fund equity director Ching May 21, as the Agricultural Bank's strategic investors, has invested more than 15 billion yuan, hope that AgBank will soon be listed.　　The Social Security Fund will start selecting stakes in some companies and unlisted companies this year, but will be cautious, said Dai Xianglong, the director of the Fund. AgBank plans to launch a "a+h" listing in Shanghai and Hong Kong in July, with financing about $30 billion trillion and is expected to become the world's largest IPO. So which institutions will become the agricultural bank strategic investors attracted much attention, the Social Security Fund will make it the third largest shareholder of Agricultural Bank, the former two major shareholders for the Treasury and CIC.　　For AgBank, it is the first investor to date that the Social Security fund is publicly exposed.　　The FT quoted analysts as saying the Chinese longevity, Baosteel and perhaps some of the big telecoms companies were potentially big state-owned investors in the bank's IPO.　　Under the policy of state-owned share-holding, the Social Security Fund will automatically receive 10% of the H shares it plans to issue in Hong Kong without having to pay an extra fee.　　The FT reported that the banking regulator, AgBank and the Social Security Fund had failed to confirm whether the Social Security Fund would receive 10% of AgBank's shares in Shanghai. The Social Security Fund last year invested 16.1% in yield. Public information shows that at the end of 2008, its investment funds include the Sino-fund, the Bohai Fund, the Hong Yi Investment Industry Phase I fund and Tianjin Ding Hui Equity Investment fund.