China to boost 4 major state-owned banks with 500 billion yuan capital injection

China to boost 4 major state-owned banks with 500 billion yuan capital injection

Four of China's major state-owned commercial banks on Sunday announced plans to raise a combined 520 billion yuan (about $72.5 billion) through the issuance of A-shares targeting specific investors.The four commercial banks - Bank of China, China Construction

China’s State Banks Plan $72 Billion in Private Placements to Bolster Capital

Four of China’s largest state-owned banks plan to raise up to $72 billion through private placements to strengthen their core Tier-1...

China will issue 500 billion yuan (about $69.7 billion) in special treasury bonds to support large state-owned commercial banks in replenishing their tier-1 principal capital, the Chinese Finance Ministry said on Monday. The post China will issue 500 billion yuan special treasury bonds to support state-owned banks appeared first on Mercantile Monitor.

China to inject 500 billion yuan to four state-owned commercial banks

China's Ministry of Finance will inject 500 billion yuan (about $68.9 billion) into four large state-owned commercial banks — Bank of China, China Construction Bank, Bank of Communications, and Postal Savings Bank of China, according to announcements released on Sunday.

China’s banks head towards new lending woes

The state hopes injecting $72 billion of capital into four big lenders will spark consumer-driven economic growth. But it adds little firepower, and the country’s high savings rate suggests the banks have their work cut out. Doing Beijing’s bidding is already causing stress.

China's central bank has injected 800,000 million yuan ($110.320 million) into its banking system during the month of March through a direct reverse repurchase instrument, as the bank reported yesterday. Investors have closely followed the money market operations of the People's Bank of China (PBOC) in recent months, as cash shortages in the bond market have led to their sales and a search for signs of political easing to calibrate performance d…