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Market Chatter: China Plans 400-Billion-Yuan Capital Injection for Banks

MT Newswires Live02-27

China is set to inject at least 400 billion yuan into Agricultural Bank of China (SHA:601288, HKG:1288), Bank of Communications (SHA:601328, HKG:3328), and Postal Savings Bank (SHA:601658, HKG:1658), as part of a broader plan to boost capital buffers at major state lenders, Bloomberg News reported Wednesday, citing people familiar with the information.

The funding injection into the country's largest banks could go up to as much as 1 trillion yuan in total, Bloomberg News said in a 2024 report.

The move, which is expected to be completed by June, marks Beijing's first major capital infusion since 2008, Bloomberg wrote.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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