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China's state-owned entities are in talks to invest in Saudi Aramco's initial public offering, with about $5 billion to $10 billion, Bloomberg said Wednesday, citing people familiar with the matter.
The report said that China Silk Road Fund, Sinopec (600028. SS), CIC and other companies participated in the discussion of buying Saudi Aramco IPO shares.
There is no firm commitment yet, and the entities involved and the size of the injection will ultimately be decided by the Chinese government, the report said.
Saudi Aramco, China Silk Road Fund, Sinopec and CIC did not immediately respond to requests for comment.

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