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Four Major Banks Successfully Raise RMB 520 Billion Through Private Placements
6 day ago /
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Author：小编
The four major banks – China Construction Bank, Postal Savings Bank of China, Bank of Communications, and Bank of China – have successfully concluded their private placement offerings, collectively raising a total of RMB 520 billion. The Ministry of Finance served as the primary subscriber for the issuance of A-share stocks. The proceeds from these placements will be utilized to bolster the banks' core tier 1 capital. This significant capital injection will not only reinforce the banks' financial foundation but also enhance their capacity to support the real economy and strengthen their resilience against risks.
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