| From Dow Jones: Central Huijin Investment Ltd., the domestic-investment arm of China's sovereign-wealth fund, will sell its maiden batch of bonds totaling up to CNY54 billion ($7.93 billion) on Aug. 24, two people familiar with the situation told Dow Jones Newswires on Monday.
The debt issue will be the first batch of Central Huijin's planned bond issue, which could total up to CNY187.5 billion by 2011, and comes as the company faces increasing financing pressure in its efforts to maintain its controlling stakes in major domestic banks, which have been gearing up for share offerings and convertible bond sales in recent months to boost their capital after a sharp increase in lending last year.............................................Full Article: Source
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