While we understand the reasoning behind it, we believe that the decision to sell such a huge stake in ICBC at a time when stock prices across global markets are repressed may not be a very good one for Goldman in the long run.

FORBES: Goldman Sachs Unloads ICBC Stake, Stock Rolling To $137

The Hang Seng Index in Hong Kong rose by 0.75% to end the morning at 23, 514.1, led by banks such as ICBC, which climbed 1.4%.

FORBES: Pick-Up In China's GDP Growth To 7.9% Lifts Shares In Hong Kong, Mainland