Chinese banks raise funds as bad loans rise
They are issuing preference shares, convertible and perpetual bonds to shore up capital
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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 their capital bases, even after 2014's bumper issuance when lenders raced to meet new regulatory requirements.
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