China’s government is injecting $69 billion into four major state banks through share placements. The move aims to bolster capital buffers for these banks. Bank of Communications Co., Bank of China Ltd., Postal Savings Bank of China Ltd., and China Construction Bank Corp. plan to raise up to $72 billion more by issuing additional stocks on the mainland. The Finance Ministry will be the largest investor, subscribing to a total of $72 billion in private placements. This move follows the government’s pledge to strengthen these banks’ financial foundations.
Source: https://www.bloomberg.com/news/articles/2025-03-30/china-state-banks-plan-placements-of-72-billion-to-add-capital