China considers injecting $142 bn into major banks to support its economy

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China considers injecting $142 bn into major banks to support its economy - Business Standard

Quick Summary:

Li Yunze, the nation’s top banking regulator, said earlier this week at a press conference in Beijing that authorities would act to boost core tier 1 capital at its six major commercial banks, without elaborating.

Their average core tier 1 capital adequacy ratio has fallen slightly to 11.77% at the end of June, but remains above the 8.5% level required for China’s systemically important banks.

Higher dividend distribution also threatens to erode capital buffers at the systemically important banks, which face additional capital requirements under the so-called total loss-absorbing capacity mechanism imposed globally.