The Chinese government plans to inject over 100 trillion won into its four major state-owned banks to strengthen their capital and prevent a potential financial crisis due to the ongoing real estate market downturn. The banks, Bank of China, Bank of Communications, Postal Savings Bank of China, and China Construction Bank, will raise the funds primarily through ultra-long-term special government bonds issued by the government. This is the first large-scale public fund injection into the financial sector since the Asian financial crisis in 1998.
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Auto-posted at: 2025-03-31 21:01:07