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 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 ...
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 ...
China's biggest state banks to raise $71.6 billion to boost capital
BEIJING (Reuters) -Four of China's largest state-owned banks said on Sunday they plan to raise a combined 520 billion yuan ...
Devdiscourse4h
China's Banking Giants: Boosting Stability with a Massive Capital Raise
Four of China's largest state-owned banks plan to raise 520 billion yuan to enhance their capital. This effort, backed by the ...
The Business Times4h
4 China state banks plan 520b yuan placements to add capital
Four of China’s largest state banks plan a total of up to 520 billion yuan in private placements to boost core tier-1 capital, after Beijing pushed for stronger buffers for lenders to better support ...
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, ...
Devdiscourse6h
China's Banking Giants Seek $71 Billion Boost
China's major state-owned banks are gearing up to secure a significant capital infusion of 520 billion yuan ($71.60 billion) through A-share private placements. This financial maneuver, involving the ...
Maui Now3d
Schatz introduces legislation to boost cultural trade amid competition from China
US Sens Brian Schatz of Hawai‘i and Marsha Blackburn of Tennessee introduced on Wednesday the Cultural Trade Promotion Act of ...
Strange packages of seeds are showing up in the mail in Alabama: Here’s what to do
Officials say Alabamians should be on the lookout for packages of “unsolicited” seeds arriving through the mail. The Alabama ...
WVXU5d
Learning Mandarin Chinese to dream big
The numbers of Americans learning Mandarin Chinese has declined dramatically, but one elementary school in Washington DC is seeing more demand for Chinese language education than ever.
Supreme Court turns back casino mogul Steve Wynn’s appeal in defamation lawsuit
The Supreme Court has turned back an appeal from casino mogul Steve Wynn, who had challenged a landmark libel ruling as part of a lawsuit against The Associated Press.