China considers up to $10 bln investment in Aramco IPO

China’s state-owned entities are in talks about investing $5 billion to $10 billion in Saudi oil giant Aramco’s planned initial public offering, Bloomberg reported on Wednesday, citing people familiar with the matter.

Beijing-based Silk Road Fund, state-owned oil producer Sinopec Corp and sovereign wealth fund China Investment Corp are among parties that have been in discussions to buy stock in the offering, according to the report.

Commitments have not been locked down, and the lineup of investors and the size of the investments will ultimately depend on the Chinese government, the report added.