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China banks look overseas for more capital amid mounting bad loans at home

Singapore

CHINESE banks, already the largest issuers of bonds to build capital buffers, are looking beyond the savings of the nation's 1.4 billion people for more funds as they grapple with mounting bad loans.

The nation's banks may account for about half of at least US$100 billion in dollar notes sold by Asian lenders to meet new capital rules over three to five years, according to Barclays Plc.

China's lenders need to sell as much as US$222 billion of notes in any currency that comply with Basel III...

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