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China Bank Stocks Cut to ‘Neutral’ in JPMorgan Model PortfolioJan. 25 (Bloomberg) -- JPMorgan Chase & Co. lowered its allocation for China’s banking stocks in its model portfolio, saying they may be hurt in the “short term” by fundraising activities and the possible sale of Industrial & Commercial Bank Of China Ltd. shares by Goldman Sachs Group Inc. upon the expiration of the lock-up period in April.
2010-01-25 - Bloomberg