Friday, November 27, 2009

China Banks to Raise Capital

Lending out money to projects that do not generate revenue means you will go close is China to being broke ? As impossible as that seems.

CNN: "China's banks are preparing to raise tens of billions of dollars in additional capital to meet regulatory requirements following an unprecedented expansion of new loans this year, according to people familiar with the matter."

1"Capital crunch for Chinese banks" - CNN; Anderlini
2"China Banks Said to Submit Capital Raising Plans" - Bloomberg

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