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Chinese banks raise funds as bad loans rise

They are issuing preference shares, convertible and perpetual bonds to shore up capital

Huaxia Bank Co is the latest lender to get approval from the Chinese Banking Regulatory Commission to issue 20 billion yuan in preference shares.

Hong Kong

MOUNTING bad loans are running down Chinese banks' capital buffers, forcing them to turn to investors for fresh funds despite raising a record amount last year.

Commercial banks are issuing expensive preference shares as well as convertible and perpetual bonds to shore up...

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