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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment

Central Huijin seeks capital boost

Posted on 25 March 2010

From Chinadaily.com.cn: Central Huijin, the domestic investment arm of the nation’s sovereign wealth fund, China Investment Corp, is seeking a capital injection of between $15 billion and $50 billion, in an effort to boost its capital base and prepare itself for the impending public offering of Chinese lenders, sources close to the sovereign fund said.

As the parent of the country’s three big lenders - Industrial and Commercial Bank of China, China Construction Bank and Bank of China (BOC) - Central Huijin will participate in the share sales, sources said……………………………..Full Article: Source


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