China may inject $50 bln into AgBank in April-paper

SHANGHAI, Jan 29 (Reuters) - China's central bank may inject $45 billion-$50 billion into Agricultural Bank of China [ABC.UL] as early as the end of April to kick-start restructuring that could lead to more capital raising, a newspaper said on Tuesday.

The state-run Oriental Morning Post reported that a detailed proposal of the capital injection by Central Huijin, the investment arm of China's central bank, was due to be discussed at China's annual meeting of parliament in March.

Officials at Agricultural Bank of China were not immediately available for comment.

Agricultural Bank is the only of China's big state-owned commercial banks yet to undergo restructuring, which has typically involved a capital injection by Central Huijin followed by an entry of strategic investors and then a public listing.

Agricultural Bank President Xiang Junbo has vowed to list the bank by the end of 2010, the Shanghai-based newspaper said in a report that cited unidentified sources.

Central Huijin is part of China Investment Corp, the country's fledgling sovereign wealth fund.

(Reporting by Charlie Zhu; editing by Dominic Whiting)