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China to Beef Up Biggest Banks to Boost Economy | Business Matters (March 31)

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China to Beef Up Biggest Banks to Boost Economy | Business Matters (March 31)
Mar-31-2025
China is banking on billions to boost its overall economy. The country’s four largest state-owned banks announced plans to raise a combined $72 billion through private placements from investors. Private placements refer to the sale of stock shares or bonds to investors and institutions, rather than to the public.