The National Social Security Fund has sold HK$20.6 million ($2.65 million) worth of H shares in Industrial and Commercial Bank of China on Aug 8, at HK$4.56 per share, according to a disclosure from the Hong Kong stock exchange.

The NSSF now holds 12.99 percent of ICBC shares, after selling the stake, down from 13.99 percent.

This is the third time this year that the NSSF sold shares in ICBC, and the fifth time since last August, which means the NSSF received HK$387 million in a year from the transactions.

On Aug 14, ICBC saw its stocks on the A shares market climb 0.52 percent to 3.84 yuan, and up 1.34 percent to HK$4.55 on the H shares market.