Central Huijin Investment, the domestic investment arm of China's sovereign-wealth fund, Rmb54bn via the domestic interbank market in its maiden bond offering, which it plans to use to prevent the dilution of its stakes in major Chinese banks.

Central Huijin, an arm of China Investment Corp, has said it plans to raise Rmb187.5bn in the domestic bond market to participate in the fund-raising plans of several Chinese lenders, which are selling equity to bolster their capital bases following last year's massive government-directed lending.