ABC's First Battle Investment Exposure, Social Security Fund 15 Billion Yuan Stake

According to comprehensive media reports, the National Social Security Fund Council (hereinafter referred to as the social security fund) has invested 15 billion yuan in the Agricultural Bank of China, and ABC is preparing for IPO, which is the first strategic investor of ABC disclosed so far.

According to Reuters reports, Ji Guoqiang, director of the equity division of the social security fund, said in May 21st that as a strategic investor of ABC, it had invested about 15000000000 yuan and hoped that ABC would be listed as soon as possible.

Dai Xianglong, chairman of the social security fund, also said that the social security fund will start selecting some shares of enterprises and non listed companies this year, but will be very cautious.

ABC plans to list in Shanghai and Hongkong in the form of "A%2BH" in July. The scale of financing is about 30 billion US dollars, and is expected to become the largest IPO in the world.

Therefore, which institutions will become the strategic investors of Agricultural Bank of China, and the stake in social security fund will make it the third largest shareholder of ABC, and the top two shareholders are treasury and CIC.

For ABC, so far, the social security fund is the first public investor to disclose the situation.

China Life (601628), Baosteel, and perhaps some major telecom companies are potential large state-owned investors in ABC IPO, the Financial Times quoted analysts as saying.

In accordance with the policy of the pfer of state-owned shares, the social security fund will also automatically get 10% of the shares issued by the Bank of China in Hongkong, without paying extra costs.

Whether the social security fund will get 10% of the A shares issued by the Agricultural Bank of China in Shanghai, the Financial Times reported that the banking regulatory agencies, the Agricultural Bank and the social security fund failed to confirm that.

The social security fund had a 16.1% return on investment last year.

Public information shows that at the end of 2008, its investment funds include the China fund, Bohai fund, Hongyi investment industry phase 1 fund and Tianjin CDH equity investment phase I fund.