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CN Reportedly Considering Pumping Up to RMB1T into Large State-Owned Banks
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China is considering injecting up to RMB1 trillion into large state-owned banks to enhance their ability to provide more financing for economic development, Bloomberg, citing sources, reported. This capital will mainly come from the issuance of special government bonds, with details yet to be finalized and subject to change. If realized, this would be the first time since the 2008 global financial crisis that the Chinese government has injected capital into large banks. AAStocks Financial News |
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