Chinese banks are preparing to raise tens of billions of dollars in fresh capital to meet tightened regulatory requirements following an unprecedented expansion of new loans this year, according to people familiar with the matter.
The China Banking Regulatory Commission, the banking regulator, has warned it will refuse approvals for business expansion and limit banking operations if the large state lenders do not meet the capital adequacy requirements.
The amount of capital raised by China's 11 largest listed banks to meet the more stringent standards will total at least Rmb300bn ($44bn), according to estimates from BNP Paribas.
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