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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

CIC injects $3.21bln into CECIC

Posted on 20 December 2012

China Export & Credit Insurance Corporation announced on Tuesday that it had received a 20 billion yuan ($3.21 billion) capital injection from China Investment Corporation, the country’s sovereign wealth fund, through Central Huijin Investment Ltd.
Wang Yi, chairman of CECIC, said the injection will intensify the company’s capital strength and improve its underwriting and solvency capacity, as well as increase its vigilance toward risk, so as to better support the Chinese companies in their overseas expansion………………………………………..Full Article: Source


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