Press "Enter" to skip to content

Chinese local governments to be allowed to replenish small banks’ capital with 200 billion yuan government bonds

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

China's capital-starved small banks are expected to get replenishment from local governments as the world's second largest economy tries to defuse bad-debt risks and strengthen small banks' ability to serve the real economy.

Chinese authority plans to allow local governments to use up to 200 billion yuan funds from special-purpose bond sales to replenish some small and midsize banks' capital, a person in the banking sector told Yuan Talks.

The . . .

To continue reading, please subscribe. You will get

 

  • IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
  • THE WIRE  - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
  • DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare. 

 

FREE TRIAL cancel anytime

We highly value independence. We are solely funded by subscriptions from intelligent readers like you. 

Already have an account? Sign In

Top