Early this month, Chinese Premier Li Qiang announced that Beijing will implement a more proactive fiscal policy by increasing debt issuance. Among the objectives is the recapitalization of state-owned banks.
The Bank of China aims to raise 130 billion yuan (approximately 21.991 billion euros), while the Postal Savings Bank of China intends to gather the same amount, equivalent to 16.532 billion euros.
Meanwhile, the Bank of Communications is looking to secure a maximum of 120 billion yuan (15.258 billion euros), and the China Construction Bank is targeting 105 billion yuan (13.357 billion euros).
These financial activities are characterized by allocation to an investor or group of investors without the conduct of a public offering.
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