China to start re-capitalizing banks with $55 billion, Bloomberg News reports

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China plans to inject at least 400 billion yuan ($55.13 billion) into its biggest banks in coming months as part of a broader stimulus package to revive growth in the economy, Bloomberg News reported on Wednesday. The first batch of banks include Agricultural Bank of China 601288 (AgBank) and Bank...

https://www.hellenicshippingnews.com/china-to-start-re-capitalizing-banks-with-55-billion-bloomberg-news-reports/

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