China Lithium Market Dynamics & Lithium Procurement Study

China Lithium Market Dynamics and Lithium Procurement Study

Battery Recycling Technology Understanding

Solid State Battery Market

   China Scrap Steel Quality Analysis 

China Scrap Steel Cost Curve

Home

Metal News

Huijin Applies for $50b Govt Injection - Report

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE

3rd Li-ion Battery Europe 2025

2025 NET ZERO EUROPE - Solar & Energy Storage Summit

2025 SMM Europe Lithium & New Energy Field Trip

ASEAN-China Free Trade Area a Win-win: Official

SHANGHAI,&nbsp;Mar. 25 -- China Central Huijin Investment Ltd, the domestic arm of China's sovereign wealth fund, has applied for a $50 billion cash injection from the Chinese government, the National Business Daily said on Wednesday.
China Investment Corp (CIC), parent of Huijin, has submitted an application for cash aid to the State Council, the country's cabinet, the paper said, citing an unnamed CIC source.
&quot;The $50 billion Huijin requested may come from the foreign exchange reserves or other financial resources,&quot; the source was quoted as saying.
Huijin, the parent of Industrial and Commercial Bank of China, Bank of China and China Construction Bank, recently bought additional shares in the three lenders, and will continue to do so over the next 12 months, the lenders said in October.
Aid from the government would help maintain Huijin's controlling stake in the lenders, which might proceed with their own fund-raising plans, the paper said.
Earlier in the month, Bank of China gained shareholders' approval to issue up to 20 percent of its existing shares and as much as 40 billion yuan ($5.86 billion) worth of six-year convertible bonds in Shanghai. 
&nbsp;

METALS-Confidence Crumbles in Industrial Metal Markets

huijin-applies-for-50b-govt-injection---report

Huijin Applies for $50b Govt Injection - Report | SMM

Huijin Applies for $50b Govt Injection - Report

SMM Events & Webinars

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE