Four of China’s largest banks are planning to raise up to $71.6 billion via share sales under a finance ministry-led plan aimed at bolstering capital and beefing up lending to help boost the economy.
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China’s Big State Banks to Get $71.6 Billion Capital Injection
China discovers major new oilfield off Shenzhen
CNOOC discovers major oilfield in South China Sea with proven reserves exceeding 100 million tonnes, amid territorial disputes.
China’s CNOOC discovers 100 million-ton oilfield in South China Sea, Xinhua says
The China National Offshore Oil Corporation (CNOOC) has discovered an oilfield in the South China Sea with proven reserves exceeding 100 million tonnes, Xinhua news agency reported on Monday. The …
A Peter Thiel Protégé Is Leading Trump’s AI Strategy Against China
Confirmed by the Senate on Tuesday to lead the Office of Science and Technology Policy, he is taking charge at a pivotal moment in the AI race with China. The Chinese startup DeepSeek rattled …
China’s manufacturing activity picks up in March, PMI shows
China’s manufacturing activity expanded at a faster pace in March, an official factory survey showed on Monday, suggesting some signs of stabilisation in the world’s second-largest economy even as …
CK Hutchison shares set to open down 4.5% as China state media blasts port deal
Shares of CK Hutchison were set to open down 4.5% on Monday after China state media blasted the Hong Kong conglomerate’s Panama port deal and sources said the deal, which was expected to be signed…
China’s No. 2 Steelmaker Makes Annual Loss of Nearly $1 Billion
Angang Steel Co Ltd., the listed arm of China’s second-biggest steelmaker, racked up a loss of nearly $1 billion last year, underscoring torrid conditions in the industry as demand shrinks and prices …
Asia Braces for Historic Test of Export Model From Trump Tariffs
Asian leaders face tough decisions as President Donald Trump’s reciprocal tariffs pose a generational challenge to a region whose economies were built around exports to the US and a world of low trade …
China discovers major new oilfield off Shenzhen — Xinhua
The China National Offshore Oil Corporation (CNOOC) has discovered a major oilfield in the eastern South China Sea, state news agency Xinhua reported Monday, with proven reserves exceeding 100 million …
China discovers major oilfield in South China Sea
SHENZHEN — The China National Offshore Oil Corporation (CNOOC) announced on Monday that it has discovered a major oilfield in the eastern South China Sea, with proven reserves exceeding 100 million …
China to inject $69B into state banks to strengthen capital reserves
China’s Ministry of Finance is moving forward with a major capital boost for four of the country’s biggest state-owned banks, committing to invest 500 billion yuan (approximately $69 billion) through …
China’s top state banks to raise $71.6 bn in capital boost backed by Beijing
The recapitalisation effort, aimed at strengthening the banks’ core tier-1 capital, follows a pledge from Chinese policymakers earlier this month to inject 500 billion yuan into major lenders to enhan …
China’s biggest state banks to raise $71.6 bln to boost capital
Four of China’s largest state-owned banks said on Sunday they plan to raise a combined 520 billion yuan ($71.60 billion) in private placements from investors, including the finance ministry, after …
