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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Market

Central Huijin to sell 187.5 bln Yuan of bonds

Posted on 20 August 2010

From Bloomberg: Central Huijin Investment Co., the state company that controls China’s biggest banks, plans to sell 187.5 billion yuan ($28 billion) of bonds to bolster its stakes in the lenders.
The domestic arm of the nation’s sovereign wealth fund, China Investment Corp., will sell 40 billion yuan in the first portion Aug. 24 on the interbank market, it said in a statement today on the website of Chinabond, the official clearinghouse……………………………………….Full Article: Source


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