From Taighde
Agricultural Bank of China (ABC) was the last lender among China's four major stake-owned banks to be listed. It was listed in October 2010 after conducting a $22.1 billion IPO. Several sovereign wealth funds took a stake in the bank.
The Kuwait Investment Authority invested $1 billion in ABC's IPO. The KIA invested over $700 million in the Industrial and Commercial Bank of China in 2006. Temasek Holdings was expected to purchase $300 million in the IPO. The QIA confirmed that it purchased $2.8 billion worth of IPO shares. [1] The Government of Singapore Investment Corporation and the Abu Dhabi Investment Authority were rumored to be possible investors but it has not been confirmed.
In November 2008, it was announced that the bank had received a $19 billion bailout from the government, resulting in split ownership of the bank between the China Investment Corporation and the Ministry of Finance.[2] Central Huijin made the cash infusion.
