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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Market

China sovereign wealth fund arm in $8 bln bond sale

Posted on 26 August 2010

From Marketwatch.com: A unit of China’s sovereign wealth fund raised 54 billion yuan ($7.94 billion) in its first bond sale earlier this week, tapping the domestic interbank market for the funds that it plans to use to help shore up Chinese banks.
Central Huijin Investment Ltd., the domestic investment arm of China Investment Corp., said over time it plans to raise 187.5 billion yuan from the interbank bond market, according to reports that cited a statement from the group Tuesday……………………………………….Full Article: Source


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