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 …
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China to inject $69B into state banks to strengthen capital reserves
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 …
China, Japan, S. Korea to strengthen trade as Trump tariffs loom
STORY: China, Japan and South Korea held their first trade talks in five years on Sunday amid concerns over U.S. President Donald Trump’s import tariffs.:: Seoul, South KoreaThe three Asian …
Shenzhen Unveils Game-Changing Football Stadium: A Fusion of Innovation and Sustainability
The Shenzhen Sports Center is not merely a venue for competitive sports; it is a showcase of leading-edge technology. Designed to meet international Class A football competition standards, the stadium …
Open Source AI and Blockchain Will Define Global Dominance in the Future
Since the Generative Artificial Intelligence (GenAI) growth boom took shape in 2023, large technology companies have attempted to centralize control of the space, in an effort to maintain their market …
In Beijing, France’s foreign minister asks China to lobby Russia on the Ukrainian situation
China is hoping to win over more European countries distraught by the decisions of the new American administration. On a visit to Beijing and Shanghai, the French Foreign Minister Jean-Noël Barrot …
China’s 4 top state-owned banks to raise US$72 billion from stock sales to boost capital
The fundraising comes after the National People’s Congress vowed earlier this month to recapitalise major state banks.
China’s ‘kill mesh’ system and ‘dogfighting’ tactics show new space threat
A US Space Force chief has warned that China’s rapid rise as a space power is creating new threats for the United States …
China’s Giant Space Solar Station Could Beam Endless Power To EVs And Homes
Chinese scientists say that solar panels in space could collect energy in one year equivalent to all of the oil on Earth …
Vibrant Guangdong｜Young people from China and abroad explore the frontier technological innovation in Shenzhen
Representatives from six countries, including Indonesia, Russia, thailand, Azerbaijan, Egypt, And Ghana, Embarked on a journey of technological innovation exploration together. In the exhibition hall …
China’s 4 state-owned banks to bring in Finance Ministry as strategic investor, a move to reinforce capital adequacy
VCG. Four Chinese state-owned banks announced plans on Sunday to introduce the Ministry of Finance (MOF) as a strategic investor through targeted share …
Shanghai’s luxury property market thrives while downturn persists in mass housing segment
More than 60 per cent of the 4,110 new homes in China priced above 30 million yuan were sold in Shanghai last year, according to CRIC data.
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