Agricultural Bank of China says reports on CIC unit's investment plan not true
Posted by Editor on February 04, 2008 at 07:11 AM
XFN-ASIA writes that, “Agricultural Bank of China said media reports regarding a planned capital injection of up to 50 bln usd into the bank by a unit of China’s sovereign wealth fund are unfounded, the official Xinhua news agency reported. Media reports have said that Central Huijin, a wholly-owned subsidiary of sovereign fund China Investment Corp (CIC), would inject 45-50 bln usd into the bank by April.”
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