8 state-owned central financial firms get 360b yuan capital boost to strengthen risk resilience

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8 state-owned central financial firms get 360b yuan capital boost to strengthen risk resilience - Global Times

Eight Chinese central financial enterprises, including Industrial and Commercial Bank of China (ICBC), unveiled capital increase plans on Sunday to replenish their core Tier-1 capital. The plans total 360 billion yuan ($53.6 billion), which will help further strengthen their steady operating capacity, risk resistance capacity and ability to serve the real economy, the Xinhua News Agency reported.

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https://economictimes.indiatimes.com/markets/us-stocks/news/global-market-china-insurer-recapitalisation-may-ease-capital-constraints-and-support-stock-investments/articleshow/133874152.cms

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8 state-owned central financial firms get 360b yuan capital boost to strengthen risk resilience - Global Times

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Global Market: China insurer recapitalisation may ease capital constraints and support stock investments - The Economic Times