Eximbank may get capital shot soon
China Eximbank, a wholly State-owned policy lender, may get a capital boost from the government as early as January next year to help kickstart its long-awaited restructuring process, sources with knowledge of the matter said yesterday.
China Central Huijin Investment Co, an investment arm of the nation's sovereign wealth fund, will be the only entity that will infuse capital into the bank, one source at China Investment Corporation, who declined to be named, told China Daily.
"A restructuring plan for the bank has been submitted to the State Council for approval, though the amount of cash injection has yet to be decided," the source said.
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