Fujian provincial government is planning to inject assets worth $2 billion into Fujian Enterprises (Holdings) in an attempt to boost confidence in the banking community over the financial strength of its Hong Kong window company. The move underscores the impact of the closure last month of Guangdong International Trust and Investment Corp (Gitic) on bankers' attitude towards mainland corporates. Fujian Enterprises said the provincial government would continue to extend its support to the company. The injection of quality assets into the company would significantly lower its gearing and facilitate its expansion, the statement said. A company official said the company had not received any loan-repayment demand from banks and that the company's financial position remained sound, although supporting data was not provided. Details and timetable of the asset injection plan were not available, but the plan was expected to be completed 'very soon', she said. Assets would be selected in line with its diversified business, ranging from travel, finance and trading to industrial and infrastructure investments. The official could not tell whether the plan would run against Beijing's policy to sever the links between government and enterprises, only saying that it would follow a similar proposal under consideration by Guangdong provincial government to support its Hong Kong investment arm, Guangdong Enterprises (Holdings). Mainland corporates, and those from Guangdong and Fujian in particular, have been experiencing difficulties in honouring their debt obligations in the ensuing credit crunch triggered by the demise of Gitic.