News Column

China Life Became 2nd Largest Holder of CQITC

July 28, 2014

CHONGQING, July 28, SinoCast -- Chongqing International Trust (CQITC) announced its two shareholders Chongqing Water Group (SHSE: 601158) and Chongqing Water Asset Management sold 23.86% and 2.18% shares in CQITC to China Life Investment Holding.

After the move, the largest shareholder kept unchanged, China Life Investment became the second largest shareholder with a 26.04% stake and the other shareholders kept unchanged.

Insiders said hybrid operation has become a development trend of the financial industry.

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Source: Sinocast Insurance Beat (China)

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