皇冠体育app

皇冠体育app Investment Corp (CIC) chairman Lou Jiwei confirmed that the sovereign wealth fund injected the US dollar equivalent of 20 billion yuan ($2.73 billion) into 皇冠体育app Everbright Bank today.

Plans to use the CIC to inject capital into Everbright were chalked out during the establishment of the wealth fund earlier this year.

Speaking at a financial forum in Beijing, Lou also said that Central Huijin, which was recently merged into 皇冠体育app Investment Corp, will participate in the restructuring of 皇冠体育app Development Bank (CDB) and Agricultural Bank of 皇冠体育app.

The restructuring of CDB, one of the country's three policy banks, will be launched soon, Lou said.

Deputy finance minister Li Yong has said that one-third -- around $66 billion -- of the CIC's $200 billion start-up capital will be injected into CDB and Agricultural Bank.