On December 4, Bank of China announced that its application to change registered capital was approved by the National Financial Regulatory Administration (NFRA). The approval follows the bank's completion of a private placement of 2.78 billion A-shares to specific investors.
The NFRA has officially consented to increase the bank's registered capital by 27.825 billion yuan, raising it from 294.388 billion yuan to 322.212 billion yuan.
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