A Pictet spokeswoman said the information is incorrect. “Pictet Asset Management does not hold this position. The Hong Kong Stock Exchange has been informed accordingly,” the spokeswoman said.
A Hong Kong Exchange filing erroneously showed that Pictet Asset Management made a HK$121.2 billion ($20.33 billion) investment in China Construction Bank (CCB), according to the Swiss asset manager.
The filing was issued late Monday in Hong Kong and indicated that Pictet had amassed a holding of 20 billion Hong Kong-listed shares in CCB, bought at an average price of HK$6.06.
