HONG KONG - Singapore state investor Temasek Holdings launched a block sale worth about US$2.4 billion (S$2.98 billion) in shares of two of China's largest banks, IFR reported.

Temasek offered about US$1.2 billion (S$1.49 billion) in Hong Kong-listed shares of China Construction Bank and another US$1.2 billion of Bank of China, IFR said, citing term sheets of the deals.