China looks for billions to fill bank funding hole
Beijing wants its major financial institutions to raise vast amounts of capital to sustain their lending. The equity deluge will challenge the priorities of sovereign wealth funds and large fund managers alike.
China’s rulers are not known for their subtlety when it comes to finance. Just take a look at the recent strategy of the country’s banks.
A few years ago, the government injected tens of billions of US dollars into its top three state banks: Bank of China (BoC),
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