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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Market

Cash-strapped Central Huijin considers bond issue

Posted on 18 May 2010

From Eeo.com.cn: The cash-strapped Central Huijin Investment Company, the domestic investment subsidiary of China’s sovereign wealth fund - China Investment Corporation (CIC), is likely to issue yuan-denominated bonds.
Central Huijin, on the evening of April 30, announced that it will lower their dividend payout ratio paid by three state-owned banks including the Industrial and Commercial Bank of China, the Bank of China and China Construction Bank to 45 percent from 50 percent. It also announced it will participate in refinancing plans to raise their capital requirement to at least above 11.5 percent………………………………………Full Article: Source


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