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China banks need to raise $73 bn in capital next year: Regulator
Published on: 2009-12-21
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Chinese banks will need to raise 500 billion yuan ($73 billion) in capital next year, the country's bank regulator said.


According to Li Fuan, a director at the China Banking Regulatory Commission, capital adequacy ratios have been stretched by expanded lending.


Agricultural Bank of China, which is expected to launch an initial public offering, needs to raise 100-200 billion yuan, he said at a forum.


China's banks are under pressure to bolster their capital after new loans surged to record levels in the first half of this year, and while the pace of lending has since subsided, it is expected to remain relatively high next year.

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