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 …
Tagged By financials
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 …
Wall Street changes its tune on China as DeepSeek and policy hopes win back investors: ‘Confidence does feel like it’s returned’
In early 2024, China was struggling through a sluggish post-pandemic recovery, thanks to weak consumption, ongoing worries about property, and a continued hangover from a regulatory crackdown on China …
UBS Gains Full Control of Beijing-Based UBS Securities
UBS has received approval to fully acquire Beijing-based UBS Securities, marking a strategic expansion in China after its merger with Credit Suisse. The acquisition involves purchasing a 33% stake …
China, France to hold high-level strategic and economic dialogues this year
China and France will hold three high-level dialogues on strategic, economic, financial and cultural issues this year, Foreign Minister Wang Yi said after meeting with his French counterpart in …
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