As Industrial and Commercial Bank of China Ltd. reported a 36% rise in 2008 net profit, foreign investors indicated they are looking to sell part or all of their stakes in the bank, the world's largest by market value.

American Express Co. said it may sell its stake in ICBC this year, and Goldman Sachs Group Inc. said it would not sell down 80% of its roughly $6 billion stake in ICBC before April 2010 but indicated it may soon sell 20% of its 4.9% holding in ICBC.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.