Everbright to get US$2.7b boost from Huijin

Tang Shuangning, director of China Everbright Group, has confirmed Central Huijin, the state assets management company, has agreed to inject US$2.7 billion to Everbright Bank by the end of this month, Economic Observer reported (in Chinese). The injection had been on hold for months due to internal disputes on carrying out the details. The agreement with Huijin was a important step for Everbright's restructuring, said Tang. Central Huijin will add another US$525 million to Everbright Industry, a subsidiary of Everbright Group, according to someone close to source.