TREE NEWS update: On September 6, Agricultural Bank of China (ABC) and Industrial and Commercial Bank of China (ICBC) announced plans to raise up to 160 billion yuan and 100 billion yuan respectively via private A-share placements. Both issues are directed at China’s Ministry of Finance and China Tobacco总公司及其子公司, with proceeds fully used to replenish core Tier-1 capital. The placements are subject to regulatory approval.
China’s ICBC and ABC to raise up to 160B yuan each from state investors
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
6m ago
China’s Finance Ministry to Inject 35B Yuan into China Life Group
27m ago
China’s first water conservancy REIT approved
2h ago
Haikou Real Estate: Hukou Holders Get Equal Home-Buying Rights
2h ago
South Korea’s cumulative exports hit record high
2h ago
IDF strikes southern Lebanon in response to Hezbollah drone fire
2h ago
Iran’s IRGC strikes US naval drone near Strait of Hormuz