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Ten leading Chinese banks to issue 520 billion yuan perpetual bonds

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More Chinese banks plan to issue perpetual bonds to replenish capital after state-owned Bank of China became the first such issuer in January.

As of Tuesday, 10 major lenders have announced plans to sell  perpetual bonds, with total offerings of 520 billion yuan.

The board of China Construction Bank, one of the big four state-owned banks, has approved a plan to sell 40 billion yuan of perpetual bonds, the bank said late Monday. Industrial Bank also plans to . . .

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