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China Eximbank won't seek listing

By Wang Bo and Hu Yuanyuan (chinadaily.com.cn)
Updated: 2010-03-04 15:06
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Export-Import Bank of China (China Eximbank) will not seek a listing but will remain a policy lender, the bank's chairman Li Ruogu told chinadaily.com.cn on Thursday.

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"We are still awaiting government approval for an injection of cash from Central Huijin Investment Co that would enhance the bank's capital adequacy," Li said when attending the annual session of the CPPCC. "Approval for Huijin to sell bonds to fund the cash injection and for other details of the plan hasn't been given yet."

Li believed the valuation of the Chinese currency should keep stable and not be subjected to outside pressure.

"Currently, the export situation is still not clear and it is early to say that the macro economy is ushering in a all-round warm-up," he added.
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