China has nominated Zou Jiayi, a former vice-minister of finance, as its candidate for the next president of the Asian Infrastructure Investment Bank (AIIB), the China-headquartered development bank …
Tagged By financials
China Property Pain Worsens With Sales Slump, Record Vanke Loss
The world’s second largest economy has yet to find a floor for its slumping property market, as new home sales reversed into a slide and China Vanke Co. reported a record loss.
China bank shares rise after $72 billion recapitalisation plan
BEIJING (Reuters) -Shares in China’s big state-owned banks rose on Monday after the lenders unveiled around a $72 billion recapitalisation plan to boost their core capital. The recapitalisation aims …
US threat oils wheels of Pirelli’s China derisking
Donald Trump’s geopolitical threats are proving to be handy ammo in corporate spats. Italian tyremaker Pirelli’s board last week demanded its largest Chinese shareholder Sinochem cut a 37% stake below …
China beefs up its biggest banks to boost the economy
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 banks shares rise after $72 billion recapitalisation plans
Shares of China’s big state-owned banks rose in morning trade on Monday after lenders unveiled recapitalisation plans to boost their core Tier-1 capital. China Construction Bank jumped 3.5% in …
Beijing launches $72bn capital injections at biggest banks
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 …
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 …
