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Shares of Chinese banks slumped following weak earnings, with analysts concerned the global trade war will further undermine ...
and Postal Savings Bank of China will raise up to 130 billion yuan. China’s Finance Ministry, a major shareholder of the four banks, will be involved in all four capital raises, the filings showed.
China Construction Bank (CCB) closed up 3.6% in Shanghai and Bank of China rose 1.8%. Bank of Communications (BoCom) increased 1.2% and Postal Savings Bank of China (BoC) rose 0.2%. These state-owned ...
Fresh trouble is brewing for China's banks. The state is injecting 520 billion yuan ($72 billion) of capital into four big lenders, hoping to spark consumer-driven economic growth. But doing ...