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China banks boosting capital as bad loans soar

They are preemptively raising funds while pricing remains favourable in order to tackle higher loan impairments
Tuesday, September 6, 2016 - 05:50

Hong Kong

CHINA'S banks, which dialled down fund-raising efforts this year even as bad debts swelled, are making up for lost time.  Both lenders and the companies set up to acquire their delinquent assets are bolstering their finances. China Citic Bank Corp last month announced plans to