Central Huijin Plans Bond Sales to Shore up Capital for Bank Stakes
Posted on 08/11/2010
Central Huijin Investment Ltd. is the domestic unit of the China Investment Corporation (CIC). Central Huijin plans to issue its first batch of bonds. Central Huijin plans to raise up to 187.5 billion RMB (US$ 27.7 billion) of bonds by 2011. This bond raise is to help maintain its stakes in large state-controlled banks.
