China's Top Banks Launch $8.3 Billion Bond Sale to Boost Capital Reserves Two of China’s largest state-owned banks, Industrial & Commercial Bank of China Ltd. and Bank of China Ltd., are initiating the sale of 60 billion yuan ($8.3 billion) in total loss-absorbing capacity (TLAC) bonds this week. This move is part of a broader strategy to bolster capital reserves and enhance their ability to support economic growth, in line with global banking requirements set for 2025. This issuance is also aligned with Beijing’s objectives to facilitate credit supply and reduce funding costs for businesses, even as it pressures the banks’ already tight profit margins. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Food Wars Loom as Nations Hoard Supplies, Warns Agricultural Trader READ MORE How & Where to Buy Silver Coins [2024 Buyers Guide] READ MORE Bond Traders Eye Possibility of 50 Basis Point Fed Rate Cut After Inflation Data READ MORE The Growing Shadow of Credit Card Debt: A Crisis Looming Over American Consumers READ MORE Schroders Investment Insights: The Case for Gold in 2024 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment