CIC arm to raise $28 billion through bond issuance: reports

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Central Huijin Investment, the domestic arm of China Investment Corporation (CIC), is reportedly set to raise funds through a $28 billion bond issuance by next year, and become the latest sovereign wealth fund to dip into private sector funds.

The Wall Street Journal, a business newspaper, reported on Wednesday that Central Huijin, which was established in December 2003 as a wholly-owned subsidiary of CIC, was planning to issue debt in two tranches: $3 billion-worth of seven-year bonds, and the

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