Chinese plough into Fortis ahead of financing vote

Chinese investors are building stakes in Fortis ahead of a crucial vote on a multi-billion euro capital increase, which the Belgian retail bank will need to do to take part in a RBS-led bid for ABN Amro, according to bankers.

Chinese funds began buying Fortis shares last week, according to traders, who said they'd seen a usually high flow of orders for the stock coming out of their Hong Kong offices.

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