Four of China’s biggest banks will raise a combined Rmb520bn ($72bn) through share sales to investors including the Ministry of Finance, as Beijing seeks to shore up its vast banking sector against …
Tagged By finance
China’s Big State Banks to Get $71.6 Billion Capital Injection
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.
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 …
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 …
China’s biggest state banks announce $71.6bn fundraising
BEIJING (Reuters) — 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 …
China to Inject $69 Billion Into Four Big Banks in Capital Boost
China’s finance ministry will inject $69 billion into four of the nation’s largest state banks via their share placements, following through on Beijing’s earlier pledge to beef up the lenders’ capital …
China’s biggest state banks to raise $71.6 billion in private placements
China’s four largest state-owned banks plan to raise a combined 520 billion yuan ($71.60 billion) through A-share private placements, with the Chinese finance ministry involved in all four deals, …
Family of Yuyu Dong (outside of China) Available After Appeals Hearing Monday
Yuyu Dong, the renowned Chinese journalist who has been in detention for three years, will have his appeals hearing at the Beijing High Court on Monday, March 31, at 9:30 a.m. local time.
Beijing’s Enforcement of Energy Rules Could Hit Nvidia’s China Sales, Report Says
Nvidia’s business in China could reportedly take a hit if Beijing implements energy efficiency rules more strictly. The National Development and Reform Commission, China’s top economic planner …
Commentary: The Philippines walks a tightrope with Chinese aid
Manila wants to assert its sovereignty, but it also needs roads, bridges and power plants. Pragmatism, not ideology, is driving development finance decisions, say the Lowy Institute’s Alexandre Dayant …
What happens if China suddenly turns off the financial tap? Risk analyst warns of chaos
Sri Lanka defaulted on Chinese debt in 2022, triggering an economic crisis still felt today. Pakistan hovers on the brink of financial ruin under immense loan burdens, while African nations like …
