China Exim Bank to receive Central Huijin funding

Central Huijin plans to inject $7.32bln to the lender and China Export & Credit Insurance Corp.

Citing unnamed sources, the China Business News reported that China Investment Corp, parent of Central Huijin, is scheduled to hold meetings to discuss the issue.

The newspaper also denied an earlier report that Central Huijin might raise its stakes in three state-owned lenders, according to a report in China Knowledge.

The China Daily on Wednesday had reported that Central Huijin might inject a combined RMB 50 billion into Industrial and Commercial Bank of China, Bank of China and China Construction Bank.