BEIJING, Dec. 31 (Chinese media) -- Swiss bank UBS has sold
3.378 billion H-shares it held in the Bank of China (BOC), a BOC spokesman said
Wednesday.
The shares unloaded by the UBS accounted for 4.44
percent of the BOC's total Hong Kong-traded shares, BOC's spokesman Wang Zhaowen
told Chinese media by phone.
The lock-up period of the UBS' shares holding expired
on Wednesday, said Wang.
There have been growing concerns that UBS and other
western banks would sell their shares in Chinese lenders to ease their own
pressure as global financial crisis spread.
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