Reported 12 days ago
China is contemplating a capital injection of up to 1 trillion yuan ($142 billion) into its largest state banks to enhance their ability to support the struggling economy. This funding is expected to come primarily from new special sovereign bond issuances, marking the first such effort since the 2008 financial crisis. The move aims to stabilize banks' lending capabilities amid declining property prices, shrinking profit margins, and increasing bad debts, as the nation looks to stimulate economic growth.
Source: YAHOO