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flag China injects nearly $70 billion into state banks to boost lending and stabilize economy.

flag China's government plans to inject 500 billion yuan ($69.7 billion USD) into four major state-owned banks via special treasury bonds. flag These banks plan to raise an additional 520 billion yuan ($71.6 billion USD) through private placements to boost their core capital and improve lending capacity. flag This move aims to support the economy and stabilize financial institutions amid a slowing economy and property sector struggles. flag The Ministry of Finance will be a key investor in these placements, aiming to strengthen the banks' financial stability and support economic growth.

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