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China injects 500 billion yuan into state banks to boost economy
The Chinese government plans to inject RMB 500 billion into four major state-owned banks to bolster lending and support the economy. This capital infusion, which comes with a premium on share prices, aims to strengthen the banking sector while private demand remains weak. Despite improving economic data, the CNY is expected to stay under pressure due to a low interest rate environment.
psbc deutsche bank negotiations fail due to control disagreements
Postal Savings Bank of China Co, Ltd. operates in three main areas: retail banking (43.2% of interest income), investment and market banking (34.1%), and corporate banking (22.7%). By the end of 2021, the bank managed CNY 11,354.1 billion in deposits and CNY 6,237.2 billion in loans, with services offered through a network of 360 branches across China.
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