China plans to start re-capitalizing banks with at least $55 billion, Bloomberg News reports-March 2024-www.financetom.com

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

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

Feb 26, 2025 12:00 AM

Feb 26 (Reuters) - China plans to inject at least 400

billion yuan ($55.13 billion) into the first batch of banks

including Agricultural Bank of China and Bank of

Communications, as it plans to start re-capitalizing

several of its biggest banks in coming months, Bloomberg News

reported on Wednesday.

($1 = 7.2555 Chinese yuan)

(Reporting by Rajveer Singh Pardesi in Bengaluru)

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