TMCnet News
BOC to Introduce Hedge Funds(SinoCast Via Thomson Dialog NewsEdge)BEIJING, Jan 09, 2006 (SinoCast via COMTEX) --Bank of China (BOC) plans to introduce hedge funds to speed up its forthcoming Hong Kong listing. Although the third-largest Chinese lender once refused to talk with hedge funds, it has recently nodded Oaktree Capital Management and Och-Ziff Capital Management, said an insider familiar with the affair. BOC have required the two hedge funds not to sell the stake bought within three years, said local reports. The funds are introduced by Merrill Lynch, one of the world's leading financial management and advisory companies. However, the Chinese bank has not submitted its IPO application to the Stock Exchange of Hong Kong yet. From homeway.com, Page 1, Friday, January 06, 2006 [email protected] |