Fund bought part of RBS Bank of China stake

HONG KONG (Reuters) - Hopu Investment Management, a Chinese private equity fund headed by the chairman of Goldman Sachs' China joint venture, bought $400 million of the shares in Bank of China sold last week by Royal Bank of Scotland, the Wall Street Journal reported on Monday.

Hopu, a $2.5 billion fund headed by veteran dealmaker Fang Fenglei, bought the shares as part of a group it arranged that acquired about $700 million worth of Bank of China shares sold by Royal Bank of Scotland, the newspaper said, citing a person familiar with the situation.

Royal Bank of Scotland last week sold its entire 4.3 percent stake in state-run Bank of China for about $2.4 billion.

Fang is chairman of Goldman Sachs Gaohua Securities, the Wall Street bank's mainland China joint venture.

(Reporting by Tony Munroe, Editing by Jacqueline Wong)