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China’s 4 top state-owned banks to raise US$72 billion from stock sales to boost capital

SCMP LogoSCMP1d ago

China’s 4 top state-owned banks to raise US$72 billion from stock sales to boost capital - SCMP

Quick Summary:

The fundraising comes after the National People’s Congress vowed earlier this month to recapitalise major state banks.

The National People’s Congress, China’s top legislature, last month approved issuing 500 billion yuan of special government bonds in its government work report to help recapitalise the nation’s banks.

The shares will be denominated in yuan and trade on the Shanghai Stock Exchange after the expiry of the five-year lock-up period.

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Article Details

Author / Journalist: Zhang Shidong

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-30 @ 21:52:23 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 250 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 27441218

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About SCMP

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Main Topics: Business

Official Website: scmp.com

Update Frequency: 11 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 59 minutes ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

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The story "China’s 4 top state-owned banks to raise US$72 billion from stock sales to boost capital" was covered 1 days ago by SCMP, a news publisher based in Hong Kong.

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  • News ID: #27441218
  • URL: https://beamstart.com/news/chinas-4-top-state-owned-17433435113751

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