From June 5438 +2009 10, Hopu Capital began to take over from foreign strategic investors to reduce the shares of Chinese banks. At that time, Hopu Capital spent HK$ 5.54 billion to buy 3.24 billion shares of Bank of China from Royal Bank of Scotland, accounting for 65,438+0.278% of its total share capital and 4.26% of H shares. This is the first such transaction completed by Hopu Capital.

Fang, chairman of Hopu Fund, recently expressed his confidence in China's banking industry at a small seminar. He said: "When the once prosperous financial leaders are mired in the mud and the banking system in Europe and the United States has a systemic crisis, the China administration will never let China's banking industry go wrong."

"CCB's excess provision in the first quarter proves that they are prudent." Fang believes that Chinese bank stocks have investment value after the stock price falls. So, just like Fang, our name is highly effective. As long as it's what you're looking for, it's time to do it. Taking over CCB shares is the best proof.

In April, 2009, Hopu also tried to buy ICBC shares reduced by Allianz and American Express, strategic investors of ICBC (60 1398), but gave up at the last minute. It is worth noting that, unlike Fang and others, Goldman Sachs, which has always claimed to be optimistic about Chinese banking stocks and simply said that it will not reduce its holdings of ICBC, has also recently reduced its holdings. According to the relevant information sent by Goldman Sachs, a strategic investor of ICBC, to institutional investors yesterday, on June 1 day, Goldman Sachs sold about 3.03 billion H shares of ICBC at a price of HK$ 4.88 per share, and * * * cashed in about HK$148 billion. According to the cost price of Goldman Sachs' shareholding 1.22 Hong Kong dollars, the net profit of holding positions for three years is about 1 1 billion Hong Kong dollars.