CIC plans capital injection

BEIJING -A capital injection plan for China Investment Corp (CIC), the country's $300 billion sovereign wealth fund, has been submitted to the State Council for approval, according to sources close to the matter.

"The State Council is now working on the plan," said one source, who declined to be identified. He refused to disclose the scale of the capital injection.

Another source close to the matter said the injection could be between $10 billion and $20 billion.