Tag: bad debt

China will inject capital into its largest banks to combat low profits and rising bad debt. This initiative includes mortgage rate reductions and adjustments to reserve requirements, aiming to stabilize the banking sector and support economic growth amid ongoing challenges.(Reuters)
Posted in Business

China to add capital at big banks for 1st time in a decade: All you need to know

China is planning to recapitalize its biggest commercial lenders for the first time in more than a decade, in a bid to strengthen the industry…

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