China’s state-controlled banks are rushing to raise money from public markets to shore up their balance sheets after a year of unprecedented loan growth and the introduction of stricter capital requirements by regulators.
This week alone, Chinese lenders have announced plans to raise up to Rmb76bn ($11bn) through equity and bond sales, with at least Rmb150bn ($22bn) of bank fundraising in the pipeline, analysts say.
The cash calls come as Beijing tries to limit new lending to the white-hot property market and the investment vehicles of local governments.
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